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Assure Holdings Corp
Symbol IOM
Shares Issued 34,795,313
Close 2020-01-28 C$ 1.72
Market Cap C$ 59,847,938
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Assure performs 1st neuromonitoring case in S.C.

2020-01-29 09:13 ET - News Release

Mr. John Farlinger reports

ASSURE HOLDINGS PERFORMS FIRST NEUROMONITORING CASE IN SOUTH CAROLINA

Assure Holdings Corp. has performed its first neuromonitoring case in South Carolina.

"Assure is continuing to generate strong organic growth and will remain pro-active in expanding within states we currently serve and extending to geographies outside of our current footprint that present compelling opportunities," said John A. Farlinger, Assure's executive chairman and chief executive officer.

Mr. Farlinger continued: "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. Additionally, we are now poised to broaden our existing business development funnel by servicing the IONM needs for entire hospitals. The potential financial impact of hospital service contracts is significant as Assure is expected to keep 100 per cent of technical and professional revenue associated with these procedures."

Over the past two years, Assure has extended its operations beyond its home state of Colorado and now provides IONM services in Texas, Louisiana, Utah, Pennsylvania, Michigan and South Carolina. 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.

The company's new Charleston, S.C., area partner performed approximately 500 procedures in 2019.

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.

We seek Safe Harbor.

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