Amplifon to acquire the hearing care business of PJC Investments.

Amplifon, a provider of hearing solutions and services, agreed to acquire the hearing care business of PJC Investments, the second largest Miracle-Ear franchisee in the United States. Financial terms were not disclosed. "We are very excited about this opportunity to further strengthen our position in the US market – the largest in the world- partnering with Patrick Curry, one of our most successful franchisees. The new entity will represent a great platform to develop, implement and share best practices and processes which will then be deployed to the entire Miracle-Ear franchise network. Thus, I am convinced this combination of directly managed and franchised points of sales is the best setting to efficiently operate and create sustainable long-term value for both Amplifon and Miracle-Ear franchisees in the large US market," Enrico Vita, Amplifon CEO.