ARHH - Assure announces early final payment of Neuro-Pro monitoring acquisition

Assure (ARHH) announces that it has made the final payment of $3.17M on December 24 in connection with the acquisition of all of the assets of Neuro-Pro Monitoring.The early payment resulted in a reduced cost of $170,000, the total purchase price paid in connection with the acquisition was $7.53M.“As anticipated, Neuro-Pro has strengthened and diversified our revenue stream, substantially increased our scale in terms of number of procedures and was immediately accretive to Assure’s earnings and cash flow in 2020. In addition, we further developed important relationships that Neuro-Pro originated with some of the most prestigious spine surgeons in the Dallas Ft. Worth area. These introductions have accelerated our expansion in Texas and drove the initiation of clinical research projects that will highlight the value Assure provides for IONM-related efficacy, safety, cost saving and improving patient outcomes. We believe our enhanced scale and data-driven studies will help accelerate the negotiation of new in-network contracts with insurance companies.” said John

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Assure announces early final payment of Neuro-Pro monitoring acquisition