---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-032371"
form_type: "8-K"
ticker: "AMS"
cik: "0000744825"
company_name: "AMERICAN SHARED HOSPITAL SERVICES"
filed_at: "2023-11-16T23:59:59+00:00"
generated_at: "2026-06-08T01:41:15.592675+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# AMS agrees to acquire 60% stake in two RI cancer centers for $2.85M from bankrupt GenesisCare

## Summary
- Purchase price of $2.85M for 60% equity in Southern New England Regional Cancer Center and Roger Williams Radiation Therapy.
- $285K earnest deposit made; up to 50% may be forfeited if terminated under certain conditions.
- Transaction contingent on confirmation of GenesisCare's Chapter 11 plan and Rhode Island Department of Health consent.
- Expected closing within 60 days; outside termination date is March 10, 2024.
- Acquired centers operate three functional radiation therapy sites in Rhode Island.

## SEC filing metadata
- accession: 0001437749-23-032371
- form_type: 8-K
- ticker: AMS
- cik: 0000744825
- company_name: AMERICAN SHARED HOSPITAL SERVICES
- filed_at: 2023-11-16T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/744825/000143774923032371/0001437749-23-032371-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/744825/000143774923032371/asha20231116_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-032371
- JSON: https://secwatch.observer/filing/0001437749-23-032371.json
- Plain text: https://secwatch.observer/filing/0001437749-23-032371.txt

## Key facts
- Material Agreements
  AMERICAN SHARED HOSPITAL SERVICES entered into Investment Purchase Agreement with GenesisCare USA, Inc. and GenesisCare USA Holdings, Inc. valued at $2,850,000 (effective 2023-11-10).
  - Action: entry
  - Agreement: asset purchase
  - Counterparty: GenesisCare USA, Inc. and GenesisCare USA Holdings, Inc.
  - Value: $2,850,000
  - Effective: 2023-11-10
  source text: On November 10, 2023, American Shared Hospital Services (the “Company”) entered into an Investment Purchase Agreement (the “IPA”) with GenesisCare USA, Inc. (the “Seller”) and GenesisCare USA Holdings, Inc. (“Topco”), pursuant to which Seller agreed to sell to the Company its entire equity interest in each of Southern New England Regional Cancer Center, LLC and Roger Williams Radiation Therapy, LLC, (collectively, the “Target Companies”) together with the assignment of certain payor contacts for a purchase price of $2,850,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/744825/000143774923032371/0001437749-23-032371-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.