Assure Holdings and Danam Health Reach Agreement for Business Merger

Danam Health and Assure Holdings Announce Merger Agreement: Changes in Focus and Ownership Structure Expected

Danam Health and Assure Holdings have announced a merger agreement in which Danam will become a wholly-owned subsidiary of Assure. This stock-for-stock deal is the result of an outsourced intraoperative neuromonitoring and remote neurology services provider acquiring a newly formed subsidiary.

Following the merger, Assure will change its name to Danam Health Holdings Corp., and the combined company plans to continue as a Nasdaq-listed company. The merged company’s focus will be on pharmaceutical and healthcare services.

The merger will be 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%.

Both companies’ boards have approved the merger, which is expected to close in the second quarter. For further information, contact Denny Jacob at denny.jacob@wsj.com.

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