Assure Holdings Announces Merger with Danam Health

Assure Holdings, a leader in outsourced intraoperative neuromonitoring and remote neurology services, has recently entered into a merger agreement with Danam Health. Under the terms of the agreement, Danam will merge with a newly formed subsidiary of Assure.

Following the stock-for-stock deal, Danam will continue as a wholly-owned subsidiary of Assure, which will subsequently change its name to Danam Health Holdings Corp. The combined company is expected to maintain its listing on the Nasdaq stock exchange.

Once the merger is finalized, the newly formed entity will primarily focus on pharmaceutical and healthcare services. Both companies are excited about the shared vision and the potential this merger holds for driving innovation and growth in the industry.

The merger is structured as a stock-for-stock exchange where all outstanding equity securities of Danam will be exchanged for shares of Assure common stock. Based on the current agreement, it is anticipated that current Danam stockholders will hold approximately 90% of the combined company's ownership, while current Assure stockholders will retain roughly 10%.

The boards of directors of both Assure Holdings and Danam Health have unanimously approved the merger. The transaction is on track to be completed during the second quarter, pending regulatory approvals and customary closing conditions.