Assure Holdings Corp. (NasdaqCM:IONM) signed a Letter of Intent to acquire Certain Assets from Innovation Neuromonitoring, LLC for $1.2 million on June 26, 2023. Under the terms of the transaction Assure will pay $0.8 million in cash and $0.4 million in Assure common stock, subject to escrow and other requirements. Approximately $0.5 million of the $0.8 million cash will be paid over 24 monthly installments, with adjustments based on the number of surgeries and the commercial payor mix. Innovation Neuromonitoring employees will join Assure as part of the transaction. The transaction is subject to satisfactory due diligence and the negotiation and execution of a definitive asset purchase agreement. The transaction is expected to close in early July.

Assure Holdings Corp. (NasdaqCM:IONM) completed the acquisition of Certain Assets from Innovation Neuromonitoring, LLC for $1.2 million on August 3, 2023.