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Assure Holdings Announces Acquisition Of Nervepro

Jan 06, 2023•over 2 years ago

Acquiring Company

Assure Neuromonitoring

Acquired Company

NervePro

DenverHealth Care

Description

Assure Holdings Corp. (the “Company” or “Assure”) (NASDAQ: IONM), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, is pleased to announce that on December 31, 2022, it completed the acquisition (the “Acquisition”) of substantially all of the assets of Neuroprotect Neuromonitoring, LLC, and certain of its affiliated entities (collectively, “NervePro”), a Colorado-based IONM service provider owned by J. Paul Elliott, M.D. of the Colorado Brain & Spine Institute (“CBSI”). Assure acquired specifically, accounts receivable for services after December 1, 2022, as well as NervePro’s material contracts, business relationships and other tangible assets.

Company Information

Company

Assure Neuromonitoring

Location

E Belleview Avenue

Denver, Colorado, United States

About

Assure Neuromonitoring works with surgeons and hospitals to provide a turnkey suite of services that support intraoperative neuromonitoring activities during invasive surgeries. Assure employs its own staff of highly trained, board-certified technologists and delivers a telehealth offering for professional neurology services relating to intraoperative neuromonitoring. The Company uses its own state-of-the-art monitoring equipment, handles 100% of intraoperative neuromonitoring scheduling and setup, and bills and collects for all services provided.

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Integration timeline
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Tech stack consolidation
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Post-acquisition investment
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