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3. Continue Reading for Our Disclosure Notice... Financial: Recent News: • Assure Holdings Announces Changes to Continue Streamlining Operations on Path to Becoming Cash Flow Positive from Operations • Assure to Present at the Gravitas Securities Los Angeles Summit • Assure Holdings Executes Strategy to Make Business Leaner and More Profitable • Assure Holdings Reports First Quarter 2022 Financial Results • Assure Holdings Awarded Intraoperative Neuromonitoring Services Group Purchasing Organization Agreement with Conductiv • Assure Holdings Announces New Partnership with Yankee Alliance • Assure Holdings Performs First Neuromonitoring Case in Minnesota John A. Farlinger Executive Chairman & CEO Management Team John Price Chief F inancial O fficer • Various senior executive roles in accounting and finance over 25 years o Deeply experienced in compliance, financial reporting as well as mergers and acquisitions • Managed global accounting operations including technical accounting, SEC reporting, management reporting, revenue recognition 1 Q'2 2 Financial Highlights • First Quarter 2022 Managed Case Volume Increased Approximately 83% to 5,100 • Total Revenues: $ 4.7 m • Cash collected on Assure-owned professional and technical services entities was a record $5.6 million versus $3.1 million • Total cash collected was a record $7.2 million versus $6.2 million • 25+ years of technology, operations and capital markets experience • Former Chair and CEO of Urban Communications, CEO of Titan Communications and Adzilla • Drove multiple corporate exits • Business degree (with CPA) • Established record in significantly growing enterprise value
2. Continue Reading for Recent News, Management Background and Our Disclosure... Business Model ( Current ) Assure Operations Technologist • 1-to-1 model • Matches board certified technologist with surgeon in the operating room • Each technologist performs ~200 managed cases / year Assure Operations Remote Neurology Services • 1-to-many model • 2,500+ managed cases/year/ neurologist • 4* full time neurologists / oversight reading physicians Business Model ( Opportunity ) • Broad platform potential • Margin improvement with scale • Differentiated offering • Adds organic and M&A targets to funnel • Lowers cost of delivery and improves quality of service • Strong potential for expansion into adjacent markets including: EEG, epilepsy, sleep studies, stroke "Building a telehealth, remote neurology services company with exceptional capabilities in IONM and numerous adjacent markets" "Best-in-class provider of outsourced intraoperative neuromonitoring (IONM)" $691 $716 $741 $766 $789 $812 $834 $854 $872 $468 $523 $583 $649 $720 $797 $880 $970 $1,067 $0 $500 $1,000 $1,500 $2,000 $2,500 2014 2015 2016 2017 2018 2019 2020 2021 2022 Market Size (Million $s) U.S. IONM Market Growth 2014-2022 Outsourced Monitoring Insourced Monitoring
1. AMP Quick Facts Assure Holdings Corp. (NasdaqCM: IONM) Acorn Management Partners, LLC August 202 2 Nasdaq: IONM Price: $ 1 . 06 Date: 0 8 / 0 1 /22 Fiscal Year: 12/31 MKT Cap: ~ $ 1 3 . 7 m C.O.H*: ~ $ 1.7 0 m Institutiona l Ownership: ~ 10. 73 % Insid e Ownership : ~ 28.68 % S/O*: ~ 12.92 m Float: ~ 5.8 9 m AVG Vo l.: ~ 1 3 . 05 k For More Information Please Email: Robert Wheeler bwheeler@acornmanagement partners.com Sector / Industry: * As of most recent filing Continue Reading for More Information, Recent News, Management Background & Our Disclosure... Healthcare Intraoperative-Neuromonitoring & Remote Neurology Assure Holdings Corp. (IONM) is a best-in-class provider of outsourced intraoperative neuromonitoring and remote neurology services. The Company delivers a turnkey suite of clinical and operational services to support surgeons and medical facilities during invasive procedures that place the nervous system at risk including neurosurgery, spine, cardiovascular, orthopedic and ear, nose and throat surgeries. Assure employs highly trained technologists that provide a direct point of contact in the operating room. Physicians employed via Assu re su bsidiarie s simultaneously monito r the functional integrity of patients’ neural structures throughout the procedure communicating in real-time with the surgeon and technologist. Accredited by The Joint Commission, Assure’s mission is to provide e xceptional su rgical care and a p ositive patient experience. Market Overview: • Est. $2B market in the U.S. growing 10% • • IONM regarded as standard of care in the U.S. “Buyer’s market” in IONM as the industry remains highly fragmented with strong consolidation potential: • Many peers are: o chronically under-capitalized o entirely out of network and reliant on ineffective 3rd party billing providers IONM Benefits • Immediate feedback to a surgeon before neurological deficits or injury • Reduces surgical complications • Saves healthcare system money • Improves patient outcomes Assure Competitive Advantages • ~30% o f commercial insurance revenue secured wit h contractual in- network agreements • Automatio n o f revenue cycle management • Integrated clinical offering • Deep clinical expertise • Track reco rd o f successful M&A 1 3 states with operations 17,436 2021 managed cases 258 surgeons on platform 150 hospitals and medical facilities 78 technologists 4 remote neurology providers 95% Y oY surgeon retention rate