Assure Reports a Record Number of Monthly Procedures in May 2021
June 16 2021 - 8:30AM
Assure Holdings Corp. (the “
Company” or “Assure”)
(TSXV: IOM; OTCQB: ARHH), a provider of intraoperative
neuromonitoring services (“
IONM”), announced its
highest ever number of monthly procedures during May 2021.
“The Company reported our highest number of monthly procedures
in May, managing over 1,400 cases,” said John A. Farlinger,
Assure’s executive chairman and CEO. ”I am pleased to report
particular strength in our largest market, Texas, driven by the
recent acquisition of Sentry Neuromonitoring. In addition, Assure’s
monthly procedure total benefitted from the Company’s launch of
professional neurology services for IONM which boosted our number
of cases performed.”
Jerod Powell Appointed Chief Information
OfficerAssure has appointed Jerod Powell to the newly
created chief information officer (“CIO”)
position. Powell will be a member of Assure’s leadership team
overseeing automation, security, data management, risk and
privacy.
Farlinger continued. “Jerod’s appointment as chief information
officer reflects the ongoing evolution of our digital
transformation at Assure. Investing in the Company’s analytical
capabilities and automation is a key differentiator in the IONM
industry and will help us expand our competitive advantage in
revenue cycle management and other key functional areas.”
Farlinger concluded, “Adding a talent like Jerod to our team
highlights an organizational focus on data warehousing, cyber
security and artificial intelligence. He is a technology visionary,
and will be instrumental in the development of a platform capable
of efficiently supporting the scale of our business as we continue
to rapidly expand.”
On his appointment Powell commented, “I look forward to
continuing the advancement of Assure’s technology infrastructure.
With such a robust business development pipeline, the need to
rapidly scale our technology solutions is highly important.”
Powell has over 20 years of experience in cloud computing,
digital transformation, process optimization and organizational
development. He specializes in crafting and delivering customized
solutions designed to support organizations through rapid growth
and market share expansion. Prior to joining Assure, Powell served
as president and chief information security officer at INFINIT
Consulting, a Cloud Solution Provider and technology consultancy
company. Previously, Powell was CEO & president of consulting
services at Planetmagpie, an outsourced database hosting and IT
consulting company, and before that was functional team lead and
senior systems engineer at Microsoft.
Concurrent with his appointment, Powell will receive 125,000
common stock options in accordance with the terms of the Company’s
existing stock option plan (the “Options”). The
Options are subject to the approval of the TSX Venture Exchange
(the “TSXV”) and applicable hold periods.
About Assure HoldingsAssure Holdings Corp. is a
Colorado-based company that works with neurosurgeons and orthopedic
spine surgeons to provide a turnkey suite of services that support
intraoperative neuromonitoring activities during invasive
surgeries. Assure employs its own staff of technologists and uses
its own state-of-the-art monitoring equipment, handles 100% of
intraoperative neuromonitoring scheduling and setup, and bills for
all technical services provided. Assure Neuromonitoring is
recognized as providing the highest level of patient care in the
industry and has earned the Joint Commission’s Gold Seal of
Approval®. For more information, visit the Company’s website
at www.assureneuromonitoring.com.
Forward-Looking Statements This news release
may contain “forward-looking statements” within the meaning of
applicable securities laws, including, but not limited to: the
advancement of the Company’s technology infrastructure; the ongoing
evolution of the Company’s digital transformation; and the
Company’s business development pipeline. Forward-looking statements
may generally be identified by the use of the words "anticipates,"
"expects," "intends," "plans," "should," "could," "would," "may,"
"will," "believes," "estimates," "potential," "target," or
"continue" and variations or similar expressions. These statements
are based upon the current expectations and beliefs of management
and are subject to certain risks and uncertainties that could cause
actual results to differ materially from those described in the
forward-looking statements. These risks and uncertainties include,
but are not limited to: the Company may not continue to advance its
technology infrastructure; the Company may not expand its
competitive advantage in revenue cycle management and other key
functional areas; the Company may not rapidly scale its technology
solutions; the Company may not obtain the approval of the TSXV for
the Options; the uncertainty surrounding the spread of COVID-19 and
the impact it will have on the Company’s operations and economic
activity in general; and risks and uncertainties discussed in our
most recent annual and quarterly reports filed with the Canadian
securities regulators and available on the Company’s profile on
SEDAR at www.sedar.com, which risks and uncertainties are
incorporated herein by reference. Readers are cautioned not to
place undue reliance on forward-looking statements. Except as
required by law, Assure does not intend, and undertakes no
obligation, to update any forward-looking statements to reflect, in
particular, new information or future events.Neither the TSX
Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.
ContactScott Kozak, Investor and Media
RelationsAssure Holdings
Corp.1-720-287-3093Scott.Kozak@assureiom.com
John Farlinger, Chief Executive OfficerAssure Holdings
Corp.1-604-763-7565John.Farlinger@assureiom.com
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