Assure Holdings Secures Agreement with Premier, a Leading Group Purchasing Organization
08 September 2021 - 10:30PM
Assure Holdings Corp. (the “
Company” or
“
Assure”) (TSXV: IOM; OTCQB: ARHH; OTCQB: ARHHD*),
a provider of intraoperative neuromonitoring services
(“
IONM”), is pleased to announce that it has
received a systemwide contract with Premier Inc.
(“
Premier”), a market-leading group purchasing
organization (“
GPO”). Effective November 1,
2021, the contract will enable Premier members, at their
discretion, to take advantage of pricing and terms pre-negotiated
by Premier for Assure’s Joint Commission accredited IONM services.
Premier is a leading healthcare improvement company, uniting an
alliance of approximately 4,400 U.S. hospitals and 225,000 other
providers to transform healthcare. With integrated data and
analytics, collaboratives, supply chain solutions, consulting and
other services, Premier enables better care and outcomes at a lower
cost.
“We are honored to be among the very small number of IONM
companies that Premier awarded preferred provider status. Our
selection underscores Premier’s recognition that Assure has
established a reputation for delivering high quality service and
the capacity to scale and support coverage for one of the largest
GPO’s in the U.S. This agreement is consistent with our strategy to
build a platform that enables hospitals and medical facilities to
outsource IONM services for thousands of procedures annually,” said
John A. Farlinger, Assure’s executive chairman and CEO. “We look
forward to supporting those Premier member hospitals and providers
that utilize IONM with exceptional clinical care and
industry-leading client service. The Premier team has a long
history of collaborating with member health systems to deliver the
best possible healthcare at the most affordable price. Assure is
well aligned with Premier’s mission to deliver meaningful results
around cost and quality.”
Farlinger continued, “Among the many benefits of this Agreement
are Premier facilitated introductions directly to hospital decision
makers. In addition, by securing this contract, Assure is eligible
to provide IONM services to a number of Premier affiliated
hospitals that we were otherwise unable to engage.”
Farlinger concluded, “Assure’s industry-leading IONM services
help make complex surgeries smarter, more consistent, more
predictable and more reliable to help eradicate preventable
healthcare injury and improve patient outcomes.”
* On September 8, 2021, Assure’s common stock began trading on
the TSX Venture Exchange on a Reverse Split adjusted basis for the
purpose of qualifying to uplist on the NASDAQ Capital Market.
Assure’s TSXV trading symbol, IOM, remains unchanged; however, the
Company’s OTCQB trading symbol will be designated with a “D” for
the Reverse Split (ARHHD) for 20 trading days.
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 strategy and growth plans; the Company’s reputation in
the IONM industry; 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 successfully build a platform that
enables hospitals and medical facilities to outsource IONM services
for thousands of procedures annually; the Company’s ability to take
advantage of expansion opportunities in the United States; 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; 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
Assure (TSXV:IOM)
Historical Stock Chart
From Dec 2024 to Jan 2025
Assure (TSXV:IOM)
Historical Stock Chart
From Jan 2024 to Jan 2025