CVS is going to shut down its 49 standalone audiology centers at the end of the month. The move comes ahead of FDA changes to hearing aid regulations. CVS is the largest pharmacy chain in the US but Costco dominates the hearing aid retail market. The website "Hearing & Health Technology Matters" quotes a CVS spokesman as saying, "The FDA is preparing to approve lower-cost, over-the-counter hearing devices in the near future, and new technology is emerging to enable self-serve hearing testing and care." Read more here.
Thursday, March 7, 2019
CVS Pharmacy is getting out of the hearing aid business
CVS is going to shut down its 49 standalone audiology centers at the end of the month. The move comes ahead of FDA changes to hearing aid regulations. CVS is the largest pharmacy chain in the US but Costco dominates the hearing aid retail market. The website "Hearing & Health Technology Matters" quotes a CVS spokesman as saying, "The FDA is preparing to approve lower-cost, over-the-counter hearing devices in the near future, and new technology is emerging to enable self-serve hearing testing and care." Read more here.
