MERGERS & ACQUISITIONS

TruHearing Has Been Acquired By Sivantos

April 2018
Company Description
TruHearing is the market-leading hearing benefits solution provider, partnering with health plans nationwide to enable an end-to-end, consumer-centric experience for health plan members seeking hearing aids. TruHearing drives affordability and price transparency while managing the process for the consumer from start to finish by leveraging its national network of hearing healthcare providers, proprietary technology, and best-in-class service.
 
Objectives
TripleTree was engaged by TruHearing as the Company’s exclusive financial advisor based on its deep industry expertise and long-standing history of successful transactions with innovative healthcare companies. TruHearing sought a partner that would support the unique value proposition and exceptional growth opportunities of the business. TripleTree successfully conveyed TruHearing’s unique value proposition and capabilities that allowed the Company to successfully bring managed care to the hearing aid market and expand rapidly by bringing a benefit offering to health plans that is highly valued by members.
 
Results
In a highly competitive process, TruHearing realized a successful transaction with Sivantos Group and its private equity partner, EQT. Sivantos was attracted to TruHearing’s leadership position in the hearing health managed care market, strong management team, and synergistic growth opportunities.

Read full press release from Sivantos.
Read full press release from TripleTree.