Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Mar. 3, 9:49 PM
| This Slide: #52 of 100 |
Slide #52. Assure Holdings Corp. — Sentry Neuromonitoring, LLC
Acquirer:
Assure Holdings Corp. (CVE:IOM.CA)
Acquiree:
Sentry Neuromonitoring, LLC
Details:
Assure Holdings Corp. (the "Company" or "Assure") (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services (IONM), is pleased to announce that effective February 24, 2021, it has signed a Term Sheet ("Term Sheet") to acquire (the "Acquisition") Sentry Neuromonitoring, LLC ("Sentry"), one of the largest IONM service providers in Texas, for a purchase price of $3,500,000. The purchase price to be paid is $1,225,000 in cash and $2,275,000 in Assure common stock, subject to escrow, TSX Venture Exchange and other requirements. Under the Term Sheet, Assure will acquire Sentry's contracts, employees, business relationships and assets including accounts receivable, and assume up to $250,000 of its debt. The proposed Acquisition will take the form of either an asset or equity purchase by Assure at its choice at closing.
Assure Holdings through its wholly-owned subsidiaries Assure Neuromonitoring, LLC and Assure Networks, LLC, is engaged in the delivery of technical and surgical support services in connection with inter operative neuromonitoring procedures.
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