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Overview of American Shared Hospital Services (AMS)
American Shared Hospital Services (AMS), trading under the symbol AMS, has built a reputation over more than 100 years of experience as a provider of radiosurgical and radiation therapy solutions. Specializing in advanced radiosurgery and radiation therapy systems, AMS offers innovative and turnkey financing solutions that help medical centers, hospitals, and cancer networks access life‐changing technology with ease. With a comprehensive portfolio that includes Gamma Knife radiosurgery equipment, advanced radiation therapy systems, and proton beam radiation therapy solutions, the company plays an integral role in modern cancer treatment.
Core Business and Service Offerings
AMS is recognized for offering a variety of cancer treatment modalities through:
- Gamma Knife Radiosurgery: AMS provides state‐of‐the-art Gamma Knife units that deliver highly targeted, noninvasive treatment for intracranial tumors and lesions. This system minimizes damage to surrounding healthy tissues while offering patients the benefit of shorter recovery times.
- Advanced Radiation Therapy Equipment and Services: With a range of products, including MR guided radiation therapy linacs and advanced digital linear accelerators, AMS ensures that clinicians can choose from multiple sophisticated treatment modalities designed to meet diverse oncological needs.
- Proton Beam Radiation Therapy: AMS offers solutions that harness the precision of proton beam technology, further enhancing treatment outcomes for patients with difficult-to-treat cancers.
Innovative Financing and Operational Excellence
AMS distinguishes itself not only through its advanced product offerings but also through its creative financing strategies. The company provides innovative financing solutions that enable medical centers to access cutting-edge technology without significant upfront capital expenditure. Through subsidiaries such as GK Financing LLC, AMS supports the acquisition of radiosurgery and radiation therapy systems, making advanced cancer treatment more accessible and efficient.
Market Position and International Expansion
Operating primarily in the domestic market, AMS has successfully established a strong market presence by combining technology with financial ingenuity. Its operations extend beyond national borders through multiple joint ventures, particularly in Latin America. Recent strategic agreements in Mexico complement existing centers in Peru and Ecuador, displaying a robust international expansion strategy. These ventures enhance the company’s ability to serve both public and private cancer patient populations by introducing advanced systems like Elekta's Esprit and Versa HD technology.
Value Proposition and Industry Impact
AMS stands out in the healthcare industry by offering a dual advantage: cutting-edge technological solutions and flexible financial models. This unique combination allows healthcare providers to integrate the latest radiosurgery and radiation therapy systems into their treatment regimens without compromising on capital expenditures. The company’s vendor-agnostic approach ensures that it collaborates with all major global Original Equipment Manufacturers (OEMs), thereby offering a wide spectrum of clinical treatment systems tailored to diverse oncology needs.
Operational Strategy and Business Model
The company’s strategy revolves around:
- Partnerships with Medical Institutions: AMS builds enduring relationships with hospitals and cancer centers, ensuring that they receive not only state-of-the-art equipment but also continuous support through technology upgrades and service agreements.
- Turnkey Service Solutions: By delivering a package that combines equipment provision, maintenance, and financial solutions, AMS simplifies the process for healthcare providers and accelerates the adoption of advanced technologies in routine oncology practice.
- International Joint Ventures and Expansion: AMS strategically enters international markets via joint ventures, thereby extending its expertise and advanced treatment modalities to regions with significant unmet needs in cancer care.
Expert Insights on Technology and Treatment Modalities
AMS leverages deep industry expertise to provide solutions that hold substantial technical merit. Its Gamma Knife systems are designed for precision, ensuring that delicate neurological functions are preserved while treating challenging intracranial conditions. Upgrades such as Elekta’s Esprit enhance workflow efficiency and remote treatment planning capabilities, features that are critical in modern radiation oncology and radiosurgery. Additionally, its advanced radiation therapy systems offer multiple treatment techniques including IMRT, VMAT, and SBRT, providing clinicians with versatile options for personalized patient care.
Comprehensive Clinical and Financial Support
The company complements its high-quality treatment technologies with robust financial and operational support services. This support extends from initial equipment financing to ongoing upgrades, establishing a prolonged cycle of innovation and client satisfaction. Through targeted investments in technology and infrastructure, AMS aids in mitigating the challenges faced by healthcare providers in adopting expensive and complex treatment systems.
Positioning within a Competitive Landscape
In a highly specialized field that merges both high-technology and finance, AMS maintains a distinct market position. The company's ability to tailor solutions to the specific needs of each medical partner—whether through advanced radiosurgery or flexible financial instruments—allows it to compete effectively against other institutions that might focus exclusively on product provision or financing. By integrating comprehensive value-added services with technology upgrades, AMS not only supports but enhances the overall treatment capability of its partners.
Conclusion
American Shared Hospital Services embodies a sophisticated blend of clinical expertise, advanced technological innovation, and strategic financial support. It addresses a critical segment within the oncology market by ensuring that hospitals and cancer treatment centers have access to high precision radiosurgery and radiation therapy systems. Through a vendor‐agnostic approach and global expansion strategies, AMS persistently reinforces its commitment to improve patient outcomes and operational efficiency in the battle against cancer. The company’s enduring legacy, marked by more than a century of experience, underpins a dynamic business model that continues to evolve and meet the complex demands of modern healthcare.
American Shared Hospital Services (NYSE American: AMS), a provider of stereotactic radiosurgery and advanced radiation therapy cancer treatment services, has scheduled its Fourth Quarter and Full Year 2024 earnings conference call for April 4th at 1:00 PM ET.
The financial results press release will be issued before market opening on April 4th. Investors can participate through:
- Domestic dial-in: 1-844-413-3972
- International dial-in: 1-412-317-5776
- Webcast: Available through www.ashs.com
A replay will be accessible until April 11, 2025, via phone (1-877-344-7529 or 1-412-317-0088, access code 2964909) and the company website.
American Shared Hospital Services (NYSE American: AMS) has received Certificate of Need (CON) approval to construct and operate a Proton Beam Radiation Treatment (PBRT) facility in Johnston, Rhode Island through its subsidiary. The facility is expected to be operational in 36-39 months, providing local access to proton therapy for Rhode Island residents who currently must travel to Boston or New York for treatment.
This development adds to AMS's existing portfolio in Rhode Island, where it holds 60% majority ownership in three photon radiation therapy facilities. The company also received a CON in April 2024 for radiation therapy services in Rhode Island's East Bay area. The PBRT facility will be the third such system in the Northeast, strategically located between New York City and Boston facilities.
American Shared Hospital Services (NYSE American: AMS) reported Q3 2024 financial results with total revenue increasing 36.3% to $6,999,000. Direct patient services revenue grew 273.2% to $3,687,000, driven by acquisitions in Rhode Island and new facility in Puebla, Mexico. However, medical equipment leasing revenue decreased 16.1% to $3,312,000 due to lower Gamma Knife volumes. The company reported a net loss of $207,000 ($0.03 per share) compared to net income of $118,000 ($0.02 per share) in Q3 2023. Adjusted EBITDA was $1,366,000, down from $1,669,000 in the prior year period.
American Shared Hospital Services (NYSE American: AMS), a provider of stereotactic radiosurgery and advanced radiation therapy solutions, has scheduled its third quarter 2024 earnings conference call for November 13th at 1:00 PM ET. The financial results will be released before market opening on the same day. Investors can join via phone (domestic: 1-844-413-3972, international: 1-412-317-5776) or webcast through the company's website. A replay will be available until November 20, 2024.
American Shared Hospital Services (NYSE American: AMS) has announced key management appointments to support its growth strategy. Gary Delanois has been hired as Executive Vice President and Chief Operating Officer, bringing 28 years of healthcare management experience. Ranjit Pradhan has been promoted to Senior Vice President of Sales and Marketing, recognizing his critical role in renewing and expanding five of AMS's ten domestic Gamma Knife agreements over the past 18 months.
CEO Ray Stachowiak emphasized that these appointments align with the company's expansion plans and aim to optimize the overall business. Delanois's expertise in physician and payor relationships, as well as billing and collection procedures, is expected to contribute significantly to AMS's growth strategy. Pradhan will lead strategic marketing initiatives and drive new business growth, leveraging his extensive experience in global healthcare markets and strategic relationships.
American Shared Hospital Services (NYSE American: AMS) reported strong Q2 2024 financial results, with revenue increasing 27% year-over-year to $7.1 million. The company realized a gain of $3.7 million from the strategic acquisition of Rhode Island Radiation Therapy Cancer Centers. Net income attributable to AMS was $3.6 million, or $0.55 per diluted share, compared to a net loss of $111,000 in Q2 2023. Adjusted EBITDA increased to $2,010,000. Key highlights include:
- Gamma Knife procedures increased 10% due to strong international volume
- Proton beam radiation therapy revenue decreased 5%
- Cash at June 30, 2024 was $14.5 million
- Signed a joint venture agreement for a Gamma Knife facility in Guadalajara, Mexico
- Started patient treatments at the new Puebla, Mexico center
American Shared Hospital Services (NYSE American: AMS), a provider of stereotactic radiosurgery and advanced radiation therapy solutions, has announced its second quarter 2024 earnings conference call scheduled for August 14, 2024, at 6:30 PM ET. The company will release its Q2 2024 financial results after market close on the same day. Investors can participate in the call by dialing 844.413.3972 (domestic) or 412.317.5776 (international). A simultaneous webcast will be available on the company's website and www.streetevents.com. A replay of the call will be accessible until August 21, 2024, via phone and the company's website.
American Shared Hospital Services (NYSE American: AMS) has begun patient treatments at its new radiation therapy facility, A.B. Radiocirugía y Radioterapia de Puebla, in Puebla, Mexico. This facility is a joint venture with Guadalupe Amor Y Bien, with AMS holding an 85% ownership stake. The facility features an Elekta Versa HD linear accelerator, upgrading from Guadalupe's previous older equipment.
The new facility serves a population of over six million and offers advanced treatment techniques including IMRT, VMAT, SBRT, and Radiosurgery. This expansion is part of AMS's international strategy, which includes existing Gamma Knife centers in Peru and Ecuador, and a recently announced joint venture in Guadalajara, Mexico.
American Shared Hospital Services (NYSE American: AMS) announced a joint venture with Hospital San Javier to establish a Gamma Knife treatment facility in Guadalajara, Mexico. AMS will hold a 70% ownership in the venture, with HSJ holding the remaining 30%. The facility will upgrade its current Gamma Knife® Perfexion™ system to Elekta's latest Esprit model, enhancing treatment precision and efficiency. This venture marks AMS's fourth international center, expanding their global footprint in cancer treatment. The center aims to provide advanced, noninvasive brain treatments to a large patient population in Mexico. This collaboration is expected to bring superior radiosurgery solutions to the region.
GK Financing (GKF), a subsidiary of American Shared Hospital Services (AMS), has extended its agreement with PeaceHealth Sacred Heart Medical Center at RiverBend in Springfield, Oregon. The new 10-year agreement includes upgrading the existing Gamma Knife® Perfexion™ system to Elekta's latest Esprit system. The upgrade, expected to be completed by October 1, aims to enhance precision in treating intracranial tumors while minimizing impact on healthy tissue. The Esprit system offers superior visualization, remote treatment planning, and collaboration tools, improving workflow efficiency and patient outcomes.
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