Assure Holdings Leverages Relationships with Medical Device Distributors to Extend Reach in Texas
October 07 2021 - 7:30AM
Assure Holdings Corp. (the “
Company” or
“
Assure”) (NASDAQ: IONM; TSXV: IOM), a provider of
intraoperative neuromonitoring services (“
IONM”),
is pleased to announce that it has extended its reach within the
state of Texas by leveraging medical device distributor referrals
to initiate work with two new surgeons and expand the procedures it
monitors at a Houston medical facility.
“It is a priority for Assure to extend our footprint within
states where we already operate to fully take advantage of our
investment in these areas, drive profitability and capitalize on
the economies of scale they represent,” said John A. Farlinger,
Assure’s executive chairman and CEO. “We have been stepping up
outreach to medical device distributors as part of our growth
strategy. These new physician relationships in Texas as well as the
surgeon we began working with in Nebraska this July all
represent recent wins generated from our channel program. We expect
to continue seeing accelerating positive impact from these efforts
in late 2021 and beyond.”
Farlinger continued, “We are pleased to expand our presence in
Texas and are confident in our ability to take advantage of
sizeable business development opportunities in Greater Houston,
Dallas Ft. Worth and elsewhere in the state. Further, we believe
additional scale within Texas will benefit the Company as we
negotiate in-network insurance agreements.”
Assure is now working with orthopedic spine surgeon Marcel
Wiley, M.D. and upper extremity surgeon Kevin Smith, M.D. both of
whom are affiliated with Texas Orthopaedic & Sports Medicine.
Combined, the two physicians perform over 400 procedures annually.
In addition, Assure anticipates expanding its presence at the Texas
Orthopedic Hospital from spine procedures into general
orthopedics.
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 Texas 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’s ability to
take advantage of expansion and business development opportunities
in Texas and 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 Texas
partners may not continue to perform more than 400 procedures
annually; the Company may not continue seeing positive impact from
its medical device distributor outreach; 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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