Assure Holdings Enters into Agreement to Sell Certain of its Assets to MPOWERHealth

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DENVER, March 11, 2024 (GLOBE NEWSWIRE) — Assure Holdings Corp. (the “Company” or “Assure”) (NASDAQ: IONM), a provider of intraoperative neuromonitoring (“IONM”) and remote neurology services, today announced that it has entered into an agreement to sell certain assets of its IONM business to MPOWERHealth for up to $4.5 million, of which $2.5 million will be paid in cash at the initial closing and up to an additional $2.0 million to be paid in relation to a potential earnout payment tied to case volume from the acquired assets during the 12-month period following the initial closing. The asset sale includes most of the Company’s healthcare facility contracts and clinical equipment, and a majority of the Company’s employees. The Company retains certain of its assets, including but not limited to, its accounts receivable and its employees in the revenue cycle management team.