Assure Holdings to Sell Certain Assets to MPOWERHealth for Up to $4.5M

Dow Jones03-12

Assure Holdings said Monday it has an agreement to sell some of its assets to MPOWERHealth for up to $4.5 million.

The assets include most of the company's healthcare facility contracts and clinical equipment and a majority of Assure's employees. Assure will retain its accounts receivable and its employees in the revenue cycle management team.

The intraoperative neuromonitoring and remote neurology services provider would receive $2.5 million in cash at the closing and up to $2 million more tied to case volume from the acquired assets during 12 months after the closing.

Executive Chairman and Chief Executive John Farlinger said the sale allows Assure to repurpose its business and close its merger with Danam Health. After the merger, Assure plans to change its name to Danam Health Holdings and the combined company would remain listed on the Nasdaq exchange.

Based in Addison, Texas, MPOWERHealth serves more than 400 physicians, 55,000-plus patients and over 300 facilities in 24 states.

Write to Mary de Wet at mary.dewet@dowjones.com

(END) Dow Jones Newswires

March 11, 2024 18:54 ET (22:54 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2418317707?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-03-12 06:54","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2418317707","market":"hk","top_or_hot":-1,"title":"Assure Holdings to Sell Certain Assets to MPOWERHealth for Up to $4.5M","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  Assure Holdings said Monday it has an agreement to sell some of its assets to MPOWERHealth for up to $4.5 million. \n</p>\n<p>\n  The assets include most of the company's healthcare facility contracts and clinical equipment and a majority of Assure's employees. Assure will retain its accounts receivable and its employees in the revenue cycle management team. \n</p>\n<p>\n  The intraoperative neuromonitoring and remote neurology services provider would receive $2.5 million in cash at the closing and up to $2 million more tied to case volume from the acquired assets during 12 months after the closing. \n</p>\n<p>\n  Executive Chairman and Chief Executive John Farlinger said the sale allows Assure to repurpose its business and close its merger with Danam Health. After the merger, Assure plans to change its name to Danam Health Holdings and the combined company would remain listed on the Nasdaq exchange. \n</p>\n<p>\n  Based in Addison, Texas, MPOWERHealth serves more than 400 physicians, 55,000-plus patients and over 300 facilities in 24 states. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Mary de Wet at mary.dewet@dowjones.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 11, 2024 18:54 ET (22:54 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Assure Holdings to Sell Certain Assets to MPOWERHealth for Up to $4.5M</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAssure Holdings to Sell Certain Assets to MPOWERHealth for Up to $4.5M\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-03-12 06:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Assure Holdings said Monday it has an agreement to sell some of its assets to MPOWERHealth for up to $4.5 million. \n\n\n  The assets include most of the company's healthcare facility contracts and ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4196","symbol_name":"保健护理服务","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2418317707","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2418317707","pubTimestamp":1710197640,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Assure Holdings said Monday it has an agreement to sell some of its assets to MPOWERHealth for up to $4.5 million.The assets include most of the company's healthcare facility contracts and clinical equipment and a majority of Assure's employees. Assure will retain its accounts receivable and its employees in the revenue cycle management team.The intraoperative neuromonitoring and remote neurology services provider would receive $2.5 million in cash at the closing and up to $2 million more tied to case volume from the acquired assets during 12 months after the closing.Executive Chairman and Chief Executive John Farlinger said the sale allows Assure to repurpose its business and close its merger with Danam Health. After the merger, Assure plans to change its name to Danam Health Holdings and the combined company would remain listed on the Nasdaq exchange.Based in Addison, Texas, MPOWERHealth serves more than 400 physicians, 55,000-plus patients and over 300 facilities in 24 states.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4196":"保健护理服务","IONM":"Assure Holdings Corp"},"translate_title":"保证控股公司以高达450万美元的价格向MPOWERHealth出售某些资产","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IONM":0.9},"content_text":"Assure Holdings said Monday it has an agreement to sell some of its assets to MPOWERHealth for up to $4.5 million. \n\n\n  The assets include most of the company's healthcare facility contracts and clinical equipment and a majority of Assure's employees. Assure will retain its accounts receivable and its employees in the revenue cycle management team. \n\n\n  The intraoperative neuromonitoring and remote neurology services provider would receive $2.5 million in cash at the closing and up to $2 million more tied to case volume from the acquired assets during 12 months after the closing. \n\n\n  Executive Chairman and Chief Executive John Farlinger said the sale allows Assure to repurpose its business and close its merger with Danam Health. After the merger, Assure plans to change its name to Danam Health Holdings and the combined company would remain listed on the Nasdaq exchange. \n\n\n  Based in Addison, Texas, MPOWERHealth serves more than 400 physicians, 55,000-plus patients and over 300 facilities in 24 states. \n\n\n \n\n\n  Write to Mary de Wet at mary.dewet@dowjones.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 11, 2024 18:54 ET (22:54 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2418317707"}