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Eargo and hearX Close Merger, Announce New Combined Company, LXE Hearing

On March 31, 2025, Eargo and hearX, the maker of Lexie Hearing aids, completed their merger, forming a new hearing health company called LXE Hearing in San Jose, Calif.
The merger aims to increase accessibility to high-quality hearing aids, addressing the needs of approximately 44 million American adults experiencing hearing loss.
LXE Hearing will operate with both the Eargo and Lexie Hearing brands, drawing from over 52 peer-reviewed articles and 68 patents validating their technology, and is grounded in clinical excellence.
LXE Hearing secured an additional $100 million investment from Patient Square Capital, a dedicated health care investment firm with approximately $12 billion in assets under management as of December 31, 2024, reflecting investor confidence in the direct-to-patient hearing market.
Nic Klopper, hearX CEO and co-founder, will serve as CEO of LXE Hearing, while Bill Brownie, Eargo's COO and interim CEO, will assume the role of COO, with a shared mission to create hearing health solutions for everyone, everywhere, addressing challenges like social stigma, accessibility, and cost associated with traditional hearing aids.

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Eargo and hearX Close Merger, Announce New Combined Company, LXE Hearing

Two national hearing health brands combine to make high-quality hearing aids more accessible and affordable for the estimated 44 million American adults with hearing lossFirst notable merger in the over-the-counter hearing aid space since the FDA's 2022 regulations that allowed…

4 days ago·Helena, United States

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Eargo and hearX Complete Merger to Form LXE Hearing, Backed by $100M Investment | Hearing Health & Technology Matters

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