Eargo and hearX Merge to Form LXE Hearing Backed by Patient Square Capital

Patient Square Capital Becomes Majority Owner of Eargo, Inc.

November 29, 2022

Medical Devices

Patient Square Capital became the majority equity owner of Eargo, Inc. after converting its senior secured convertible notes and participating in Eargo’s rights offering. The transaction leaves Eargo debt-free, gives Patient Square approximately 76.3% of outstanding common stock, and raises roughly $32.3 million of net proceeds to support working capital and the company’s omni-channel growth strategy.

Eli Lilly Acquires Akouos to Advance Gene Therapies for Hearing Loss

October 18, 2022

Biotechnology

Eli Lilly agreed to acquire Akouos for approximately $487 million in cash plus contingent value rights that could increase the deal value to about $610 million. The acquisition gives Lilly Akouos's pipeline of AAV-based inner-ear gene therapies (including lead candidate AK-OTOF) to accelerate development of treatments for sensorineural hearing loss.

Ear Professionals Group Acquires Soundly

February 6, 2026

Healthcare Services

Ear Professionals Group has acquired Soundly, a digital hearing solutions platform, to integrate Soundly’s consumer-facing resources and private-label brand into its provider network beginning March 2026. The acquisition is intended to streamline the patient journey from online research to in-clinic prescription fittings and expand Ear Professionals Group’s direct-to-consumer reach.

Yext Acquires Hearsay Systems

June 10, 2024

Software

Yext, Inc. has entered into a definitive agreement to acquire Hearsay Systems for $125 million plus up to $95 million in performance-based consideration. The acquisition combines Yext's digital presence platform with Hearsay's compliance-driven digital client engagement solutions for financial services to expand capabilities, cross-sell into regulated customers, and unify multi-channel customer engagement.

LDC-backed MSQ Partners Acquires Be Heard Partnership for £20.6m

September 2, 2020

Marketing & Advertising

MSQ Partners, backed by LDC, has acquired Be Heard Partnership in a public-to-private transaction that values the business at an enterprise value of £20.6 million. The add-on expands MSQ's multi-disciplinary capabilities—particularly in tech and data analytics—and creates a combined global workforce of approximately 785 people.

Trinity Investors and Sancus Capital Group Acquire Nano Hearing Aids

February 1, 2021

Medical Devices

Trinity Investors partnered with Sancus Capital Group to acquire Nano Hearing Aids, a direct-to-consumer designer and online retailer of affordable hearing aids, in February 2021. Nano, founded in 2017 and operating primarily via e-commerce with nationwide U.S. shipping, will operate under the new private owners to expand its DTC/OTC hearing-aid business.