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American Shared Hospital Services Announces Key Management Appointments

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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) ha annunciato importanti nomine manageriali per supportare la sua strategia di crescita. Gary Delanois è stato assunto come Vicepresidente Esecutivo e Direttore Operativo, portando con sé 28 anni di esperienza nella gestione della sanità. Ranjit Pradhan è stato promosso a Vicepresidente Senior delle Vendite e del Marketing, riconoscendo il suo ruolo fondamentale nel rinnovo e nell'espansione di cinque dei dieci accordi domestici di Gamma Knife di AMS negli ultimi 18 mesi.

Il CEO Ray Stachowiak ha sottolineato che queste nomine si allineano con i piani di espansione dell'azienda e mirano a ottimizzare l'intero business. L'expertise di Delanois nelle relazioni con i medici e con i pagatori, così come nelle procedure di fatturazione e riscossione, si prevede contribuirà in modo significativo alla strategia di crescita di AMS. Pradhan guiderà iniziative di marketing strategico e stimolerà la crescita del nuovo business, sfruttando la sua vasta esperienza nei mercati della sanità globale e nelle relazioni strategiche.

American Shared Hospital Services (NYSE American: AMS) ha anunciado nombramientos clave en la dirección para apoyar su estrategia de crecimiento. Gary Delanois ha sido contratado como Vicepresidente Ejecutivo y Director de Operaciones, aportando 28 años de experiencia en la gestión de la salud. Ranjit Pradhan ha sido ascendido a Vicepresidente Senior de Ventas y Marketing, reconociendo su papel crítico en la renovación y expansión de cinco de los diez acuerdos nacionales de Gamma Knife de AMS en los últimos 18 meses.

El CEO Ray Stachowiak enfatizó que estos nombramientos están en línea con los planes de expansión de la compañía y tienen como objetivo optimizar el negocio en general. Se espera que la experiencia de Delanois en relaciones con médicos y pagadores, así como en los procedimientos de facturación y cobranza, contribuya significativamente a la estrategia de crecimiento de AMS. Pradhan liderará iniciativas de marketing estratégico y fomentará el crecimiento de nuevos negocios, aprovechando su amplia experiencia en mercados de salud global y relaciones estratégicas.

American Shared Hospital Services (NYSE American: AMS)는 성장 전략을 지원하기 위한 주요 관리 인사를 발표했습니다. Gary Delanois는 28년의 의료 관리 경험을 보유한 실행 부사장 겸 운영 책임자로 임명되었습니다. Ranjit Pradhan은 지난 18개월 동안 AMS의 10개 국내 감마 나이프 계약 중 5개를 갱신하고 확장하는 데 중요한 역할을 한 점을 인정받아 영업 및 마케팅의 선임 부사장으로 승진했습니다.

CEO Ray Stachowiak는 이러한 임명이 회사의 확장 계획과 일치하며 전체 비즈니스를 최적화하는 것을 목표로 한다고 강조했습니다. Delanois의 의사 및 지급자 관계에 대한 전문성과 청구 및 수금 절차는 AMS의 성장 전략에 크게 기여할 것으로 기대됩니다. Pradhan은 전략적 마케팅 이니셔티브를 이끌고 새로운 비즈니스 성장을 촉진하며, 글로벌 의료 시장 및 전략적 관계에서의 광범위한 경험을 활용할 것입니다.

American Shared Hospital Services (NYSE American: AMS) a annoncé des nominations clés en matière de direction pour soutenir sa stratégie de croissance. Gary Delanois a été engagé en tant que vice-président exécutif et directeur des opérations, apportant 28 ans d'expérience en gestion de la santé. Ranjit Pradhan a été promu au poste de vice-président senior des ventes et du marketing, reconnaissant son rôle crucial dans le renouvellement et l'expansion de cinq des dix accords nationaux de Gamma Knife d'AMS au cours des 18 derniers mois.

Le PDG Ray Stachowiak a souligné que ces nominations s'inscrivent dans les plans d'expansion de l'entreprise et visent à optimiser l'ensemble des activités. L'expertise de Delanois dans les relations avec les médecins et les payeurs, ainsi que dans les procédures de facturation et de recouvrement, devrait contribuer de manière significative à la stratégie de croissance d'AMS. Pradhan dirigera des initiatives de marketing stratégique et stimulera la croissance de nouveaux projets, en tirant parti de sa vaste expérience sur les marchés mondiaux de la santé et dans les relations stratégiques.

American Shared Hospital Services (NYSE American: AMS) hat wichtige Management-Personalien bekannt gegeben, um seine Wachstumsstrategie zu unterstützen. Gary Delanois wurde als Executive Vice President und Chief Operating Officer eingestellt und bringt 28 Jahre Erfahrung im Gesundheitsmanagement mit. Ranjit Pradhan wurde zum Senior Vice President für Vertrieb und Marketing befördert, um seine entscheidende Rolle bei der Erneuerung und dem Ausbau von fünf der zehn nationalen Gamma Knife-Verträge von AMS in den letzten 18 Monaten anzuerkennen.

CEO Ray Stachowiak betonte, dass diese Ernennungen mit den Expansionsplänen des Unternehmens im Einklang stehen und darauf abzielen, das gesamte Geschäft zu optimieren. Delanois‘ Fachwissen in der Beziehung zu Ärzten und Kostenträgern sowie bei Rechnungs- und Inkassoverfahren wird voraussichtlich erheblich zur Wachstumsstrategie von AMS beitragen. Pradhan wird strategische Marketinginitiativen leiten und das Wachstum neuer Geschäfte vorantreiben, indem er auf seine umfassende Erfahrung in globalen Gesundheitsmärkten und strategischen Beziehungen zurückgreift.

Positive
  • Appointment of Gary Delanois as EVP and COO, bringing 28 years of healthcare management experience
  • Promotion of Ranjit Pradhan to SVP of Sales and Marketing, recognizing his role in renewing and expanding 5 of 10 domestic Gamma Knife agreements
  • Strategic hires aimed at expanding treatment volumes and growing the business in the U.S., Central and South America
Negative
  • None.

Hires Gary Delanois, Seasoned Radiation Oncology Services Executive, as Chief Operating Officer

Promotes Ranjit Pradhan to Senior Vice President of Sales and Marketing

SAN FRANCISCO, Oct. 18, 2024 (GLOBE NEWSWIRE) -- American Shared Hospital Services (NYSE American: AMS) (the "Company"), a leading provider of turnkey technology solutions for stereotactic radiosurgery and advanced radiation therapy cancer treatment systems and services, today announced the appointment of Gary Delanois as Executive Vice President and Chief Operating Officer. Mr. Delanois brings many years of industry expertise in the management of radiation oncology services. Additionally, the Company announced the promotion of Ranjit Pradhan to Senior Vice President of Sales and Marketing. Mr. Pradhan has played a critical role in the Company’s success, recently renewing, and expanding five of AMS's ten domestic Gamma Knife agreements over the past 18 months.

Ray Stachowiak, CEO and Executive Chairman of American Shared Hospital Services, commented, “As our business continues to grow, now is the opportune time to bring in a seasoned executive as our Chief Operating Officer. Gary’s deep experience with physician relationships, payor relationships, billing and collection policies and procedures lends itself perfectly to our overall growth strategy as we further expand and optimize the overall business. Additionally, we are thrilled to recognize Ranjit’s exceptional contributions to our mission. Together, Gary and Ranjit bring a wealth of knowledge and strategic vision to our leadership team, positioning the Company to expand treatment volumes and make a substantial impact in providing accessible, cutting-edge cancer-fighting technology in the U.S., Central and South America.”

Mr. Delanois is a seasoned executive with 28 years of progressive healthcare management experience providing innovative and proven solutions to Physician Groups, Health Systems, ACO’S and Health Plans. Mr. Delanois brings a strong track record of exceptional operating performance, growth and results with a demonstrated ability to develop outstanding relationships with Physicians, Partners and Colleagues. Additionally, Mr. Delanois has significant Board of Director Experience, with various health care systems based in California, West Virginia, Rhode Island and Michigan.

Prior to this appointment, Mr. Delanois previously served as CFO of one of the largest comprehensive primary care healthcare providers in Southwest Florida with over 900 providers. Prior to this role, Mr. Delanois served as Senior Vice President-US Operations at 21st Century Oncology, responsible for daily operations at over 140 radiation therapy centers, working with over 160 Radiation Oncologists, treating thousands of patients daily.

Mr. Delanois began his career at Ernst & Young as a Certified Public Accountant in Indianapolis, and later progressed to a Senior Manager with Coopers & Lybrand in Southwest Florida, before leaving to become Chief Operating Officer with a diversified and multi-divisional private company. Following that, he led the Physician Practice acquisition initiative for Lee Health, assembling a network over 75 primary care Physicians. Mr. Delanois then served as CEO of HCA Physician Services of SWFL. Additionally, Mr. Delanois is a Certified Public Accountant (inactive) and a member of the American Institute of CPAs and the Florida Institute of Public Accountants.

In Mr. Pradhan’s new role, he will spearhead the Company’s strategic marketing initiatives and drive growth in new business, further strengthening the Company's impact and outreach in oncology services. Mr. Pradhan is a dynamic global business leader with a solid track record of strategy, marketing, product and commercial roles in the healthcare (Oncology / Imaging / Diagnostics / Pharma) industry. He brings extensive experience in global healthcare markets and strategic relationships with the KOL/SME/Channel community. Mr. Pradhan additionally brings significant enterprise technology deployment, software business management, business development, partnerships, and sales in healthcare ecosystems expertise. Additionally, he is a global leader with diverse experience from Fortune 100s to startups with strong commercial acumen and a balance of strategic, tactical & operational skills.

About American Shared Hospital Services (NYSE American: AMS)

American Shared Hospital Services (ASHS) is a leading provider of creative financial and turnkey solutions to Cancer Treatment Centers, hospitals, and large cancer networks worldwide.  The company works closely with all major global Original Equipment Manufacturers (OEMs) that provide leading edge clinical treatment systems and software to treat cancer using Radiation Therapy and Radiosurgery. The company is vendor agnostic and provides financial support for a wide range of products including MR Guided Radiation Therapy Linacs, Advanced Digital Linear Accelerators, Proton Beam Radiation Therapy Systems, Brachytherapy systems and suites, and through the Company’s subsidiary, GK Financing LLC., the Leksell Gamma Knife product and services. For more information, please visit: www.ashs.com

Safe Harbor Statement

This press release may be deemed to contain certain forward-looking statements with respect to the financial condition, results of operations and future plans of American Shared Hospital Services including statements regarding the expected continued growth of the Company and the expansion of the Company’s Gamma Knife, proton therapy and MR/LINAC business, which involve risks and uncertainties including, but not limited to, the risks of economic and market conditions, the risks of variability of financial results between quarters, the risks of the Gamma Knife and proton therapy businesses, the risks of changes to CMS reimbursement rates or reimbursement methodology, the risks of the timing, financing, and operations of the Company’s Gamma Knife, proton therapy, and MR/LINAC businesses, the risk of expanding within or into new markets, the risk that the integration or continued operation of acquired businesses could adversely affect financial results and the risk that current and future acquisitions may negatively affect the Company’s financial position. Further information on potential factors that could affect the financial condition, results of operations and future plans of American Shared Hospital Services is included in the filings of the Company with the Securities and Exchange Commission, including the Company's Quarterly Report on Form 10-Q for the three month period ended June 30, 2024, the Annual Report on Form 10-K for the year ended December 31, 2023, and the definitive Proxy Statement for the Annual Meeting of Shareholders that was held on June 25, 2024.

Contacts:

American Shared Hospital Services
Ray Stachowiak, Executive Chairman and CEO
rstachowiak@ashs.com

Investor Relations

Kirin Smith, President
PCG Advisory, Inc.
ksmith@pcgadvisory.com


FAQ

Who are the new key management appointments at American Shared Hospital Services (AMS)?

American Shared Hospital Services (AMS) has appointed Gary Delanois as Executive Vice President and Chief Operating Officer, and promoted Ranjit Pradhan to Senior Vice President of Sales and Marketing.

What experience does Gary Delanois bring to his new role at AMS?

Gary Delanois brings 28 years of progressive healthcare management experience, including expertise in physician relationships, payor relationships, and billing and collection policies and procedures.

How has Ranjit Pradhan contributed to AMS's success recently?

Ranjit Pradhan has played a critical role in renewing and expanding five of AMS's ten domestic Gamma Knife agreements over the past 18 months.

What are the goals of these management appointments for American Shared Hospital Services (AMS)?

The appointments aim to support AMS's growth strategy, expand treatment volumes, and increase the company's impact in providing accessible, cutting-edge cancer-fighting technology in the U.S., Central and South America.

American Shared Hospital Services

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