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That Loud Noise Echoing In US OTC Hearing Aid Market? Merger Of Eargo And HearX

 
• By Malcolm Spicer

The firms recently announced they will operate as combined company LXE Hearing marketing Eargo’s namesake line and hearX’s Lexie brands. Eargo majority owner Patient Square Capital added $100m to its investment.

(Source: Shutterstock)

The US OTC hearing aid market has grown enough since starting in 2022 to prompt not only the merger of two leading firms focused on the space, Eargo Inc. and hearX Group, but also a $100m investment in the deal by Eargo’s majority owner, Patient Square Capital.

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