# hearX merges with Eargo to form LXE Hearing, backed by $100M investment

South Africa-founded hearX has merged with US-based Eargo to form a new combined company called LXE Hearing, backed by an additional US$100 million investment from Patient Square Capital. The merger creates a new hearing health company for the OTC hearing aid market.

- Type: Acquisition
- Announced: 2025-04-03
- Where: United States
- Value: $100.0M
- Status: completed
- Products: hearing aids
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [hearX Group](https://endata.com/companies/83924.md) (target)
- [Eargo](https://endata.com/companies/83925.md) (target)
- [LXE Hearing](https://endata.com/companies/83926.md) (acquirer)
- [Patient Square Capital](https://endata.com/companies/83927.md) (investor)

## Sources

- [disruptafrica.com](https://disruptafrica.com/2025/04/03/sa-founded-hearx-merges-with-us-counterpart-to-form-new-combined-company/), 2025-04-03: "The merger between Lexie and Eargo is founded on our shared mission to create hearing health solutions for everyone, everywhere."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.