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Assure Holdings Corp
Symbol IOM
Shares Issued 35,155,385
Close 2017-09-18 C$ 3.16
Market Cap C$ 111,091,017
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Assure working with vascular surgeons in Denver

2017-09-19 10:11 ET - News Release

Mr. Matthew Willer reports

ASSURE HOLDINGS CORP. ANNOUNCES EXPANSION INTO VASCULAR SURGERY MARKET

Assure Holdings Corp. has recently begun working with and performing intraoperative neuromonitoring (IONM) for a premier group of vascular surgeons in the Denver area. Vascular surgeons specialize in surgical treatment of the arteries that are critical circulatory pathways throughout the body. Assure's technologists are able to use their same equipment and skill set in vascular surgeries, just as they do in spine surgery, to monitor nerves and brain function in real time.

Preston Parsons, founder and chief executive officer of Assure, commented: "This marks a very significant step in the evolution of the company. Vascular surgery is a vastly underserved part of the IONM market. We are pleased to have technologists with the level of knowledge and skill needed to participate in these complicated surgeries."

Vascular surgery comprises about one-third of the IONM market in the United States. The most common vascular surgeries include carotid surgery and aortic surgery. IONM is also being adopted in other vascular procedures as the technology is more universally recognized as improving patient outcomes.

Numerous vascular procedures place one or more aspects of the patient's nervous system at risk, either from direct surgical manipulation or ischemia secondary to the vascular procedure being preformed. IONM can help assess these neural structures during the vascular procedure to help ensure the safety and functionality of the nervous structures. For example, during a carotid endarterectomy blood flow through the operative carotid artery is occluded, decreasing the overall blood flow to the brain. IONM is utilized during this procedure to help ensure that adequate perfusion of the cerebral cortex is maintained. Over all, IONM provides invaluable information to vascular surgeons regarding functionality of nervous structures placed at risk from the vascular operation.

Mr. Parsons continued, "Furthermore, now that we have expanded into vascular surgery, our current addressable market has increased significantly and has helped pave the way for future expansion into this underserved surgical vertical."

About Assure Holdings Corp.

Assure Holdings 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: (i) employs its own staff of technologists and uses its own state-of-the-art monitoring equipment, (ii) handles 100 per cent of intraoperative neuromonitoring scheduling and set-up, and (iii) bills for all technical services provided. While Assure focuses primarily on supporting spinal surgeries, plans are in place to support other classes of medicine that rely on the standard of care that intraoperative neuromonitoring provides.

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