Alliance Boots acquires stake in its hearing provider

Date : 25 February 2013
The health and beauty retailer has acquired a 49% stake in its hearing provider David Ormerod Hearing Centres in the UK.

Boots UK committed to developing hearing care

Boots HearingCare currently operates over 340 practices within Boots stores in the UK. The investment demonstrates Boots UK’s commitment to developing hearing care services across the UK enabling customers to have access to world leading technology and services. The investment comes as an extension to their existing partnership with Sonova Holding AG, owner of David Ormerod Hearing Centres.

Our View

This is a very credible move by Boots as it reinforces its healthcare  credentials and is in line with its ‘integrated healthcare platform’ initiative. Boots already has 625 eyecare practices and in the last financial  year (up to 31st March 2012) provided over 76,000 medicine checks.