ARHH - Assure Holdings to buy Sentry Neuromonitoring

Assure Holdings (ARHH) has signed a Term Sheet to acquire Sentry Neuromonitoring, one of the largest IONM service providers in Texas, for $3.5M.The purchase price to be paid is $1.225M in cash and $2.275M in Assure common stock.Under the Term Sheet, Assure will acquire Sentry’s contracts, employees, business relationships and assets including accounts receivable, and assume up to $0.25M of its debt.John A. Farlinger, Assure’s executive chairman and CEO: “Upon completion, this acquisition would expand our existing scale in terms of number of procedures by ~50%.”Shares +14%Press Release

For further details see:

Assure Holdings to buy Sentry Neuromonitoring