CVS to close 30 hearing centers before FDA allows over-the-counter hearing aids

After piloting audiology services for several years, CVS has decided to close its 30 U.S. hearing centers, according to CNBC.

CVS is making the move before next year, when the FDA is required to make hearing aids more affordable and accessible and develop regulations for their sale over the counter. Currently, people wanting to buy hearing aids are required to be examined by an audiologist.

CVS will no longer need to dedicate store space for hearing aid tests and fittings. The decision to close the centers was made because the hearing care market has evolved, a CVS spokesperson told CNBC.

Read the full report here.

 

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