Assure Holdings and Danam Health have agreed to merge through a stock-for-stock exchange. This merger will make Danam a wholly-owned subsidiary of Assure, which is an outsourced intraoperative neuromonitoring and remote neurology services provider. After the merger, Assure will change its name to Danam Health Holdings Corp., and the combined company intends to continue as a Nasdaq-listed company. The merged company will focus on pharmaceutical and healthcare services.
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 email@example.com.