Assure Holdings Closes Sale of Certain Assets to MPOWERHealth

Assure Holdings Corp. (the “Company” or “Assure”) (NASDAQ: IONM), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, announces that it closed the sale of certain assets of its IONM business to MPOWERHealth on March 26, 2024. The sale includes proceeds of up to $4.5 million, of which $2.32 million was paid in cash at the initial closing and up to an additional $2.18 million to be paid in relation to a potential earnout payment tied to case volume from the acquired assets during the 12-month period following the initial closing. The asset sale includes most of the Company’s healthcare facility contracts and clinical equipment, and a majority of the Company’s employees.

Read the full article: Assure Holdings Closes Sale of Certain Assets to MPOWERHealth //

Source: https://www.globenewswire.com/news-release/2024/03/28/2854002/0/en/Assure-Holdings-Closes-Sale-of-Certain-Assets-to-MPOWERHealth.html

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