Sonova to accelerate expansion of direct consumer access in Chinese market with acquisition of leading network of clinics

So here we go for OTC Hearing aids, Sonova (Phonak) buys El cheapo HYSOUND Group in China, not sure if it’s good or bad news!

Sonova_HYSOUND_acquisition_EN.pdf (216.5 KB)

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I wouldn’t say this is related to OTC Hearing Aids, because they are buying an audiological care clinic chain. OTC Hearing Aids is something you should be able to buy in different stores without an audiologist.

I would think they would sell their respective house brand and OTC there, manufacturer them there as well, big footprint into this as China is massive.