• Fri. Mar 1st, 2024

Assure Holdings and Danam Health Announce Merger, Creating New Pharmaceutical and Healthcare Services Company

ByEditor

Feb 12, 2024
Assure Holdings and Danam Health Reach Agreement for Business Merger

Assure Holdings and Danam Health have announced a merger agreement, with Danam becoming a wholly-owned subsidiary of Assure. This stock-for-stock deal will result in the combined company focusing on pharmaceutical and healthcare services.

Following the merger, Assure will change its name to Danam Health Holdings Corp., and the combined company is intended to continue as a Nasdaq-listed company. The merger is structured as a stock-for-stock exchange, with all outstanding equity securities of Danam being exchanged for shares of Assure common stock. Current Danam stockholders are expected to own about 90% of the combined company, while current Assure stockholders are expected to own about 10%.

Both companies’ boards have approved the merger, which is expected to close in the second quarter. For further information, contact Denny Jacob at denny.jacob@wsj.com.

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