Pharmaceutical Powerhouse: Assure Holdings and Danam Health to Merge in Focused Deal

Assure Holdings and Danam Health Reach Agreement for Business Merger

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 denny.jacob@wsj.com.

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