Assure Holdings and Danam Health Announce Business Merger

Assure Holdings Completes Merger with Danam Health and Changes Name to Danam Health Holdings Corp.

In a major development, Assure Holdings has announced an agreement with Danam Health to merge the two companies. As part of the deal, Danam will become a wholly-owned subsidiary of Assure’s newly formed subsidiary.

Under the terms of the merger, Assure will change its name to Danam Health Holdings Corp. and remain listed on Nasdaq. The combined company will focus on providing pharmaceutical and healthcare services if completed.

The merger will be a stock-for-stock exchange, with all of Danam’s outstanding equity securities 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 will own about 10%.

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

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