MobiHealth News April 1, 2025
LXE Hearing received $100 million in financing from Patient Square Capital.
Eargo, which makes tech-enabled hearing aids, and hearX, maker of Lexie hearing aids, announced they have merged to form a new company, LXE Hearing.
Eargo is a direct-to-consumer hearing aid company, while hearX markets a suite of digital, mobile technologies for hearing loss detection and diagnosis.
LXE Hearing received $100 million in financing from Patient Square Capital.
The company touts that it is the “first notable combination for the over-the-counter (OTC) hearing aid market” since the FDA created the regulatory category in 2022.
CEO and cofounder of hearX Nic Klopper has been named CEO of LXE Hearing, and Eargo’s COO and interim CEO, Bill Brownie, will be COO of...
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