Dunam Health has agreed to merge with a newly formed subsidiary of Assure Holdings in a stock-for-stock deal. As a result, Danam will become a wholly-owned subsidiary of Assure, a third-party provider of intraoperative neuromonitoring and remote neurology services.
Following the merger, Assure will change its name to Danam Health Holdings Corp., and the combined company intends to continue as a Nasdaq-listed company. If completed, the merger will result in a combined company that will focus on pharmaceuticals and healthcare services.
The merger is structured as a stock-for-stock exchange, with all of Danam’s securities being exchanged for shares of Assure common stock. Current shareholders of Danam are expected to own approximately 90% of the combined company, while current shareholders of Assure are expected to own approximately 10% of the combined company.
Both companies’ boards have approved the merger, which is expected to close in the second quarter. For more information, contact Denny Jacob at firstname.lastname@example.org.