Mergers & Acquisitions
By The Online Investor Staff, updated Wed., Feb. 26, 5:53 PM
| This Slide: #66 of 100 |
Slide #66. Assure Holdings Corp. — Velocity Revenue Cycle, LLC
Acquirer:
Assure Holdings Corp. (CVE:IOM.CA)
Acquiree:
Velocity Revenue Cycle, LLC
Details:
Assure Holdings Corp. (the "Company" or "Assure") (TSXV: IOM; OTCQB: ARHH), a provider of intraoperative neuromonitoring services (IONM), has reached an agreement (the "Agreement") with Clever Claims, LLC (Clever) to acquire Clever's 35% stake (the "Clever Stake") in Velocity Revenue Cycle, LLC ("Velocity"), the joint venture billing and collection company. Pursuant to the terms of the Agreement and effective on December 31, 2019, Clever assigned the Clever Stake, in exchange for nominal consideration, to Member Assure Billing, LLC, which is a subsidiary of the Company.
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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