Danam Health has joined forces with Assure Holdings in a stock-for-stock merger deal, resulting in Danam surviving as a wholly-owned subsidiary of Assure. The combined company will be named Danam Health Holdings Corp. and will continue to be listed on Nasdaq.
As a result of the merger, Assure will change its name to Danam Health Holdings Corp. The companies said that the merged company will focus on pharmaceutical and healthcare services if it is completed.
The structure of the merger involves a stock-for-stock exchange, where all of the outstanding equity securities of Danam will be exchanged for shares of Assure common stock. Current Danam stockholders are expected to own about 90% of the combined company, while current Assure stockholders are expected to own about 10%.
Both companies’ boards have approved the merger, and it is expected to close in the second quarter. For more information, contact Denny Jacob at firstname.lastname@example.org.