Sat. Feb 24th, 2024
Assure Holdings and Danam Health Reach Agreement for Business Merger

Assure Holdings and Danam Health have reached an agreement for Danam to merge with a newly formed subsidiary of Assure. The merger will result in Danam becoming a wholly-owned subsidiary of Assure, which provides outsourced intraoperative neuromonitoring and remote neurology services.

Following the merger, Assure will change its name to Danam Health Holdings Corp., and the combined company is intended to continue as a Nasdaq-listed company. The merger is structured as a stock-for-stock exchange, with all outstanding equity securities of Danam being exchanged for shares of Assure common stock. Current Danam stockholders are expected to own about 90% of the combined company, while current Assure stockholders are expected to own about 10% of the combined company.

Both companies’ boards have approved the merger, which is expected to close in the second quarter. If completed, the merger will result in a combined company that will focus on pharmaceutical and healthcare services. For further information, contact Denny Jacob at denny.jacob@wsj.com.

By Editor

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