American shared hospital services announces closing of acquisition of 60% majority interest in three radiation therapy cancer centers in rhode island

- adds $9-$10 million in annual revenue with positive net income contribution - - acquisition more than doubles backlog to over $210 million - - expands u.s. footprint and product offering - san francisco, may 09, 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 closing of its acquisition of a 60% majority equity interest in the southern new england regional cancer center, llc and roger williams radiation therapy, llc, both rhode island limited liability corporations (the “companies”) as well as certain payor contracts, from the chapter 11 bankruptcy estate of genesiscare usa, inc., a florida corporation, for a purchase price of $2.85 million. the company anticipates this transaction to add $9-$10 million in annual revenue with positive net income contribution.
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