secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2023-11-16T23:59:59+00:00
Accession:  0001437749-23-032371
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774923032371/0001437749-23-032371-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774923032371/asha20231116_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-032371

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