AMEX, EAR - HearUSA Inc.
HearUSA, Inc. (?HearUSA? or the ?Company?), was incorporated in Delaware on
April 11, 1986, under the name HEARx Ltd., and formed HEARx West LLC, a
fifty-percent owned joint venture with Kaiser Permanente, in 1998. In July of
2002, the Company acquired Helix Hearing Care of America Corp. (?Helix?) and
changed its name from HEARx Ltd. to HearUSA, Inc.
At December 29, 2007, HearUSA had 185 company-owned hearing care centers in nine
states and the Province of Ontario, Canada. The Company also sponsors a network
of approximately 1,900 credentialed audiology providers that participate in
selected hearing benefit programs contracted by the Company with employer
groups, health insurers and benefit sponsors in 49 states. The center
professionals and the network providers provide audiological testing, products
and services for the hearing impaired.
HearUSA seeks to increase market share and market penetration in its center and
network markets. ...
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