Investors in InnerScope Hearing Technologies Inc (OTCMKTS:INND) have not had a particularly great time over the course of the past week. The InnerScope stock has declined sharply and delivered losses of as much as 10% during the period.
Yesterday, the company, which is an important player in the direct to customer hearing technology space, made a major announcement. The company announced that it had executed an asset purchase agreement and thereby, successfully completed the acquisition of the assets as well as operations that belonged to the San Leandoro, California based iHear Medical Inc.
It goes without saying that it is a major acquisition for InnerScope considering the fact that iHear Medical is the pioneer of the direct to customer hearing solutions industry and has been in business since as far back as 2010.
It has been suggested that the acquisition is going to help InnerScope in becoming the leader in the over the counter hearing solutions products space as well as the director to consumer space. Hence, despite the losses recorded by the company’s stock over the course of the past week it might be a good idea for investors to consider adding the InnerScope stock to their watch lists.
