NeuroMetrix Announces Review Of Strategic Options To Promote Growth Of Its Quell Neuromodulation And DPNCheck Neurodiagnostic Businesses And To Maximize Shareholder Value
Portfolio Pulse from Benzinga Newsdesk
NeuroMetrix, Inc. (NASDAQ:NURO) is reviewing strategic options to enhance the growth of its Quell neuromodulation and DPNCheck neurodiagnostic businesses, aiming to maximize shareholder value. Options include marketing changes, asset acquisitions or sales, and potential mergers. Ladenburg Thalmann & Co. is advising in this process. No specific transaction or timeline is confirmed. The company aims to manage resources effectively while exploring growth opportunities, especially considering recent changes in Medicare Advantage risk adjustments.
February 13, 2024 | 2:03 pm
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NeuroMetrix is considering strategic options to grow its Quell and DPNCheck businesses, including potential asset sales or acquisitions, with the aim of maximizing shareholder value. Ladenburg Thalmann & Co. is advising the company.
The announcement of exploring strategic options, including potential sales or acquisitions, typically generates positive market sentiment as it demonstrates a proactive approach to growth and value maximization. The engagement of a financial advisor suggests seriousness about the process, potentially leading to positive developments for the company and its shareholders.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100