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Home > Company Index > Health Products & Services > Specialized Health Services > HEARx Ltd.

HEARx Ltd.
AMEX: EAR
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 PROFILE
Heard of HEARx? The company operates hearing care centers that offer audiological products, testing, diagnosis, and rehabilitation services for the hearing impaired. It caters primarily to managed care providers but also markets to the general public. HEARx sells items made by such manufacturers as Siemens, GN ReSound, and Oticon; products include hearing aids, specially adapted telephones, television amplifiers, pocket talkers, and doorbells. HEARx operates about 80 centers in California, Florida, New Jersey, and New York. The company and Kaiser Permanente operate a joint venture with some 20 testing and hearing aid centers for Kaiser's California health plan members. HEARx plans to change its name to HEAR USA.

 COMPETITION
Sight Resource Corporation (VISN)
Sonic Innovations, Inc. (SNCI)
Sonus Corp. (SSN)

 DEALS
Deal: HearX and Helix Forge $70 Million Investment Agreement
Date Announced: 06.25.01
Value of transaction (US $Mil): 70
Description: Siemens Hearing Instruments agrees to invest up to $70 million in the soon-to-merge healthcare e-commerce companies.

 STOCK ANALYSIS
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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 56.40
1-Yr. Sales Growth: 18.2%
Employees: 375
Revenue per employee: $150,400.00

 KEY PEOPLE
• Paul A. Brown
    CEO
• James W. Peklenk
    CFO

 CONTACT INFO
1250 Northpoint Pkwy.
West Palm Beach, FL 33407
US
Phone: 561-478-8770
Fax: 561-478-9603
Online: Web Site

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