IONM - Assure Holdings Agrees to Sell Certain of its Assets to MPOWERHealth

2024-03-12 08:53:23 ET

DENVER, Colo., Mar 12, 2024 ( 247marketnews.com )- Assure Holdings Corp. (NASDAQ: IONM ) stated, after yesterday’s market close, that it entered into an agreement to sell certain assets of its IONM business to MPOWERHealth for $2.5 million will be paid in cash, due at closing, and up to an additional $2.0 million, which is due in relation to a potential earnout case volume payment.

IONM is trading at $0.48, up $0.14 (+41.18%), on 6.1M shares.

John Farlinger, Assure’s executive chairman and CEO, stated, “The sale of IONM assets to MPOWER provides Assure with a clear pathway to meet its strategic objective of repurposing our business and closing our merger with Danam Health. We are pleased that MPOWER will continue providing our surgeon partners with the high-quality IONM services they are accustomed to receiving using the same neurophysiologists they work with today.”

CEO of MPOWERHealth, Scott LaRoque, said, “MPOWERHealth’s acquisition of Assure Neuromonitoring further solidifies our standing as a leading provider of IONM services. This move underscores our commitment to advancing surgical safety and patient outcomes through improved access to advanced technologies. We’re excited about the positive impact this acquisition will bring to patient care and look forward to furthering the clinical excellence within our field.”

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