• Fri. Mar 1st, 2024

Assure-Danam Health Merger: Pharmaceutical and Healthcare Services Emerge as Focus of Nasdaq-Listed Company

ByEditor

Feb 12, 2024
Assure Holdings and Danam Health Reach Agreement for Business Merger

Danam Health has agreed to merge with a subsidiary of Assure Holdings in a stock-for-stock deal. As a result, Danam will become 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 will continue as a Nasdaq-listed company. The merged entity will focus on pharmaceutical and healthcare services.

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. For further information, contact Denny Jacob at denny.jacob@wsj.com.

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