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0.00522193211488258 0.00522193211488258 0.0117493472584857 0.00522193211488258 0.00287206266318555 0.0028302872062664 0.00344647519582259 0.00522193211488258
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IntriCon Completes Acquisition of Hearing Help Express

INTRICON (IIN)  More Company Research Source: Business Wire
Last intricon earnings: 11/5 04:05 pm Check Earnings Report
PDF Company Also Amends Credit Facilities, Increasing Domestic Borrowing Capacity and Improving Financial Flexibility ARDEN HILLS, Minn.--(BUSINESS WIRE)-- IntriCon Corporation (NASDAQ: IIN), a designer, developer, manufacturer and distributor of miniature and micro-miniature body-worn devices, announced that it has completed its acquisition of Hearing Help Express (HHE), acquiring the remaining 80-percent stake of the DeKalb, Ill.-based, direct-to-consumer mail order hearing aid provider. Terms of the transaction include $650,000 in cash, repayment of approximately $1.83 million in debt to HHE’s 80-percent holder and an earn-out. “Completing this acquisition gives IntriCon direct access to consumers and the emerging value-based hearing healthcare market,” said Mark Gorder, president and chief executive officer of IntriCon. “HHE offers a lower-priced alternative for consumers to purchase devices dire [Read more]

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