Assure Holdings (IONM) has released an update.
Assure has entered into a transformative merger agreement with Danam Health, poised to reshape the landscape of their industry. This strategic move will result in Danam becoming a wholly-owned subsidiary of Assure, with the transaction designed to be tax-free and subject to stockholder approvals. The merger will see an exchange of Danam stock for Assure common stock, with Danam stockholders set to own roughly 90% of the combined entity, hinting at a significant shift in company dynamics. Post-merger, the company will operate under the name Danam Health Holdings Corp., with new leadership and a board primarily designated by Danam, marking a new chapter in their corporate narrative.
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