“We are excited about this first expansion of our international strategy into Mexico, which also includes our existing Gamma Knife centers in Peru and Ecuador. Moreover, we recently announced our joint venture agreement with Hospital San Javier to treat patients with the most advanced Leksell Gamma Knife Model Esprit in Guadalajara, Mexico. We believe the start of patient treatments in Puebla with the Versa linac is a testament to AMS’ broadened product line and is ripe with opportunity. The upgrade to the Versa’s multiple treatment techniques, which includes IMRT, VMAT, SBRT and Radiosurgery, are expected to generate significant demand from the populous region.”
Ray Stachowiak, Executive Chairman and Chief Executive Officer
“The ability to offer additional treatment modalities to the region is expected to be a significant competitive advantage. The introduction of IMRT is expected to improve patient outcomes. The upgrade brings to fruition the first and only radiosurgery device to the region, where until now patients have been travelling 80 miles to Mexico City to receive these treatments. Importantly, the Versa’s radiosurgery capabilities allow patients to be treated in one session versus multiple treatments for other options, which is expected to further drive demand.”
Ernest R. Bates, VP of Sales and Business Development-International at AMS
“We are excited to begin treating patients and providing these much-needed services to the region again. The enhanced equipment that the JV affords will ensure that our patients won’t have to travel long distances to receive advanced care.”
AMS’ JV partner, Ms. Guadalupe Guzman Moreno
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 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.