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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Helena Independent Record
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…
AAA 2025 Ends on a High Note; Cearvol Sets New Trends in Hearing Innovation
The 2025 AAA Conference wrapped up successfully, with Cearvol taking center stage by unveiling groundbreaking innovations. The company’s flagship Diamond X1 intelligent hearing amplifier and its latest premium model, Wave, captivated attendees, reinforcing Cearvol’s prominence in the global hearing technology market. Highlights from Industry Experts During the conference, Cearvol drew significant attention from international distributors, […] Th…
South Africa’s hearX Merges With Eargo To Form LXE Hearing In Landmark Deal
South African-born health-tech company hearX has merged with U.S.-based Eargo to create LXE Hearing, marking one of the largest tech mergers in South African history. The deal, backed by a USD 100 M investment from Patient Square Capital, positions LXE Hearing as a leader in affordable, high-quality hearing health solutions. Founded in 2015 in Pretoria, hearX pioneered mobile-based hearing screening and later launched Lexie Hearing, the first ov…
Eargo and hearX Complete Merger to Form LXE Hearing, Backed by $100M Investment | Hearing Health & Technology Matters
SAN JOSE, CALIFORNIA – Hearing health companies Eargo and hearX, maker of Lexie hearing aids, announced that they have completed their merger, resulting in the creation of a combined company called LXE Hearing. Backed by an additional $100 million investment from Patient Square Capital, the deal creates a new hearing health company and is the first notable combination for the over-the-counter (OTC) hearing aid market since the FDA established th…
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