Assure Holdings to Acquire Sentry Neuromonitoring
DENVER, Feb. 25, 2021 (GLOBE NEWSWIRE) -- 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.
- DENVER, Feb. 25, 2021 (GLOBE NEWSWIRE) -- 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.
- Under the Term Sheet, Assure will acquire Sentrys contracts, employees, business relationships and assets including accounts receivable, and assume up to $250,000 of its debt.
- In 2020, Sentry performed more than 5,500 IONM procedures and approximately 50% ofthese procedures were commercial insurance payors.
- Assure Holdings Corp. is a Colorado-based company that works with neurosurgeons and orthopedic spine surgeons to provide a turnkey suite of services that support intraoperative neuromonitoring activities during invasive surgeries.