Danam Health and Assure Holdings have agreed to merge, with Danam becoming a wholly-owned subsidiary of Assure. This stock-for-stock deal will result in the formation of a new subsidiary of Assure, which will provide 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. If completed, the merger will result in a combined company that 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 firstname.lastname@example.org.