Assure Holdings and Danam Health have agreed to merge, with Danam becoming a wholly-owned subsidiary of Assure. The merger is a stock-for-stock exchange, with all outstanding equity securities of Danam being exchanged for shares of Assure common stock.
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 merged company will focus on pharmaceutical and healthcare services.
Current Danam stockholders are expected to own about 90% of the combined company, while current Assure stockholders are expected to own about 10% of the combined company. Both companies’ boards have approved the merger, which is expected to close in the second quarter. For further information, contact Denny Jacob at firstname.lastname@example.org.