Assure Holdings Expands Operational Footprint With First Neuromonitoring Case in Nevada
October 08 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 performed its first
neuromonitoring case in Nevada and has signed an agreement to
provide IONM services for eight hospitals in the state, primarily
in the Las Vegas metro area.
“We expect to grow rapidly in Nevada and are confident in our
ability to take advantage of sizeable business development
opportunities in the state,” said John A. Farlinger, Assure’s
executive chairman and CEO. “On a per capita basis, Las Vegas is
among the largest spine surgery markets in the nation. Over the
next year, we anticipate that Nevada will be among Assure’s fastest
growing markets.”
Assure will begin working with five surgeons that specialize in
neurosurgery and orthopedic spine surgery. These surgeons perform
approximately 2,000 procedures annually. Assure anticipates that
the number of surgeons it provides service to in Nevada will expand
in the future.
Over the past three years, Assure has expanded beyond its home
base of Colorado and is now operating in twelve states: Texas,
Louisiana, Utah, Pennsylvania, Michigan, South Carolina, Arizona,
Kansas, Missouri, Nebraska and Nevada. 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.
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 StatementsThis news release may
contain “forward-looking statements” within the meaning of
applicable securities laws, including, but not limited to: the
Company’s growth plans, including its growth plans and expectations
in Nevada; the Company’s reputation in the IONM industry; and the
Company’s ability to take advantage of business development
opportunities in the United States and Nevada in particular.
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 business development opportunities in the United
States and Nevada in particular; the Company may not expand its
operations in the state of Nevada and Nevada may not be among the
Company’s fastest growing markets over the next year; the demand
for the Company’s neuromonitoring services may not continue to
increase; the Company may not maintain its strong reputation in the
IONM industry; the surgeons that the Company expects to work with
in Nevada may not continue to perform approximately 2,000
procedures per year; 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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