Boots acquires 49% stake in hearing care provider David Ormerod
Health and beauty products retailer Boots UK has acquired a 49% minority investment in David Ormerod Hearing Centres as part of an extension of its partnership with DOHC owner Sonova Holding AG.
Boots UK said the investment demonstrated its commitment to the further development of its hearingcare services in its stores. Boots Hearingcare currently operates more than 340 practices within Boots stores and Boots Opticians across the UK.
Alex Gourlay, chief executive, health & beauty division, Alliance Boots, said: "This agreement further builds on our investment in the UK, as well as our commitment to help improve health in the local communities we serve.
"Partnering with Sonova ensures that our customers can readily access world leading hearingcare technology and services as part of our integrated healthcare offer in the UK."
Lukas Braunschweiler, CEO of Sonova, added: "Sonova is pleased to further strengthen and secure the long term relationship with Boots UK. Together, we will continue to provide high-quality professional audiological services to our customers in the UK and pursue the long term growth of the business."
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