American Shared Hospital Services to Acquire 60% Majority Interest in Three Radiation Therapy Cancer Centers in Rhode Island for $2.85M

Author: Benzinga Newsdesk | November 20, 2023 08:36am

American Shared Hospital Services (NYSE:AMS) ("ASHS" or the "Company"), a leading provider of turnkey technology solutions for stereotactic radiosurgery and advanced radiation therapy cancer treatment systems and services, today announced that it has entered into an Investment Purchase Agreement (the "IPA") to purchase 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 companies (collectively, the "Target Companies"), as well as certain payor contracts, from GenesisCare USA, Inc., a Florida corporation (the "Seller"), for a purchase price of $2.85 million. ProspectCharterCARE, LLC d/b/a Roger Williams Medical Center and the Care New England (CNE) Health System each own 20% of the Target Companies.

Posted In: AMS