Brief: Digital Ally Inc Says Co's New Healthcare Subsidiary, Nobility Healthcare, Llc, Has Acquired A Second Medical Billing Co Located In Midwest

Kustom Entertainment

07/09/2021 16:59

Sept 7 (Reuters) - Digital Ally Inc  DGLY.O :
    * DIGITAL ALLY INC - CO'S NEW HEALTHCARE SUBSIDIARY,
NOBILITY
HEALTHCARE, LLC, HAS ACQUIRED A SECOND MEDICAL BILLING CO
LOCATED IN MIDWEST
    * DIGITAL ALLY INC - DEAL FOR FOR $2.9 MILLION WITH ABOUT
77% PAID
IN CASH AT CLOSING
    * DIGITAL ALLY INC - BALANCE OF DEAL CONSIDERATION TO BE
PAID
THROUGH AN EARN-OUT PROMISSORY NOTE BEARING INTEREST AT 3%
PAYABLE OVER 34 MONTHS

Source text for Eikon:  urn:newsml:reuters.com:*:nNDL3DlXCv
Further company coverage:  DGLY.O 

 ((Reuters.Briefs@thomsonreuters.com;))