Assure Holdings Performs First Neuromonitoring Case in Nebraska
July 29 2021 - 9:15AM
Assure Holdings Corp. (the “
Company” or
“
Assure”) (TSXV: IOM; OTCQB: ARHH), a provider of
intraoperative neuromonitoring services (“
IONM”),
is pleased to announce that it has performed its first
neuromonitoring case in the state of Nebraska.
“Assure is continuing to generate strong organic growth, both by
expanding into new states and extending our reach within our
current operational footprint. The process we use to prioritize our
business development opportunities is based on identifying the
Company’s most promising physician relationships, both those that
we developed ourselves as well as referrals from medical device
distributors, as was the case here,” said John A. Farlinger,
Assure’s executive chairman and CEO. “Our ability to secure new
business with a distinguished physician in a state newly added to
our operational footprint reflects the strong reputation we have
built in the IONM industry.”
Assure will be working with neurosurgery spine surgeon W. Lee
Warren, M.D. of Great Plains Health who performs approximately 250
procedures annually. Dr. Warren is a retired Major of the United
States Air Force and is an Iraq War veteran who performed over 200
brain and spine surgeries in a tent hospital at Balad Air Base
between 2004 and 2005. In addition to serving 14 years in the
military, Dr. Warren retired as chairman of neurosurgery at Wilford
Hall Medical Center in Texas. Dr. Warren holds two U.S. patents for
minimally invasive surgical equipment and is the inventor of
numerous high-impact medical devices. In addition to his
neurosurgery work, Dr. Warren is a nationally known author, blogger
and hosts a podcast heard in over 70 countries weekly.
Dr. Warren commented, “Assure has an excellent reputation for
clinical care, and I chose to align with the Company because of
their ability to provide consistent, high-quality intraoperative
monitoring services and deliver improved patient outcomes.”
Over the past three years, Assure has extended its operations
beyond its home state of Colorado and now provides IONM services in
Texas, Louisiana, Utah, Pennsylvania, Michigan, South Carolina,
Arizona, Kansas, Missouri and Nebraska. This growth has been driven
by the Company’s reputation for providing exceptional quality of
service and unique clinical expertise. An additional driver to the
Company’s growth is the increase in demand for neuromonitoring
services across numerous medical procedures.
Agreement with Sidoti & Co.Assure has
renewed its agreement (the “Agreement”) with
Sidoti & Company LLC (“Sidoti”) to provide
securities and capital market research services to the Company in
accordance with the policies of the TSX Venture Exchange (the
“TSXV”) and other applicable securities laws.
Sidoti is a New York based company which has been providing
securities and capital markets research services to listed issuers
since 1999. Pursuant to the terms of the Agreement, Sidoti has been
retained for a term of one year and will receive cash compensation
of US$40,000.
To the Company’s knowledge, Sidoti has no
intention to directly or indirectly acquire any securities of the
Company.
The Agreement remains subject to the approval of the TSXV.
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
Company’s growth plans; the Company’s reputation in the IONM
industry; the effects of the Company’s expansion into Nebraska and
the Company’s ability to take advantage of expansion opportunities
in the United States. 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 uncertainty surrounding the spread of COVID-19 and
the impact it will have on the Company’s operations and economic
activity in general; that the Company’s actions taken during the
COVID-19 health crisis will be effective; the Company may not
obtain the approval of the TSXV for the Agreement; the Company’s
ability to take advantage of expansion opportunities in the United
States; the Company may not expand into new states or extend its
reach within its current operational footprint; the demand for the
Company’s for neuromonitoring services may not continue to
increase; the Company may not maintain its strong reputation in the
IONM industry; the Company’s new Nebraska partner may not continue
to perform approximately 250 procedures annually and the 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
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