Assure Holdings and Danam Health have recently agreed to merge, with Danam becoming a wholly-owned subsidiary of Assure. This stock-for-stock deal is intended to create a combined company that will focus on pharmaceutical and healthcare services.
As a result of the merger, Assure will change its name to Danam Health Holdings Corp., and the combined company will continue to be listed on Nasdaq. 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 more information on this exciting new development, contact Denny Jacob at firstname.lastname@example.org.