IONM - Why Assure Holdings (IONM) Stock Is Exploding Higher | Benzinga

Assure Holdings Corp. (NASDAQ:IONM) shares are trading higher by 38% to $0.47 during Tuesday’s session after the company announced that it entered into an agreement to sell certain assets to MPOWERHealth.

What Happened?

Assure Holdings has announced an agreement to sell certain assets of its intraoperative neuromonitoring (IONM) business to MPOWERHealth for up to $4.5 million. The deal involves $2.5 million in cash upfront, with an additional $2.0 million contingent on case volume in the year following the initial closing.

The sale includes healthcare facility contracts, clinical equipment, and a majority of Assure’s employees. The company will retain ...

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