QualityStocksNewsBreaks – InnerScope Hearing Technologies Inc. (INND) to Acquire Walmart’s Largest Hearing Aid Supplier
InnerScope Hearing Technologies (OTC: INND), an emerging and disruptive leader in the direct-to-consumer hearing-health technology space, has announced that it is in the process of acquiring Hearing Assist II LLC, Walmart’s largest hearing-aid supplier. INND entered into a letter of intent with HearingAssist to acquire 100% equity in the company; the two companies anticipate the announcement of a definitive agreement by Nov. 15, 2021. According to InnerScope, HearingAssist has sold more than 500,000 hearing aids to nearly 400,000 customers in more than 750 Walmart stores as well as on Walmart.com; those sales have generated $72 million in topline revenues. The company…