M&A
confidence high
sentiment positive
materiality 0.65
AMS agrees to buy 60% of three RI radiation therapy centers for $2.85M from GenesisCare
AMERICAN SHARED HOSPITAL SERVICES
- Purchase price $2.85M for 60% majority equity interest in three cancer centers.
- Centers located in Warwick, Woonsocket, and Providence, RI, equipped with LINACs.
- Acquired from GenesisCare USA in its Chapter 11 bankruptcy process.
- Closing expected in 60 days, subject to bankruptcy court and RI health dept approval.
- Transaction expected to be accretive, adding three new revenue streams.