secwatch.observer — SEC 8-K summary
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Issuer:     AMERICAN SHARED HOSPITAL SERVICES (AMS)
CIK:        0000744825
Form:       8-K
Filed at:   2024-05-13T23:59:59+00:00
Accession:  0001437749-24-016299
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 1.01, 2.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

AMS closes $2.85M acquisition of 60% stake in three RI cancer centers; adds $9-10M annual revenue
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- Acquired 60% equity in Southern New England Regional Cancer Center and Roger Williams Radiation Therapy from GenesisCare USA bankruptcy estate.
- Purchase price $2.85M cash; $285K earnest deposit applied at closing; additional $175K paid for CT scanner on May 14.
- Transaction expected to add $9-10M in annual revenue with positive net income contribution.
- Projected revenue backlog more than doubled to over $210M from $106M in 2021.
- Centers operate three LINAC-equipped radiation therapy facilities in Woonsocket, Warwick, and Providence, RI.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/744825/000143774924016299/0001437749-24-016299-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/744825/000143774924016299/asha20240513_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-016299

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