
Core Viewpoint - American Shared Hospital Services (ASHS) has successfully acquired a 60% majority equity interest in two cancer treatment centers in Rhode Island, significantly enhancing its revenue potential and operational footprint in the U.S. market [2][5]. Financial Impact - The acquisition is expected to add $9-$10 million in annual revenue with a positive net income contribution [2]. - The company's projected revenue backlog has more than doubled from $106 million in 2021 to over $210 million as of May 2024 [3]. Operational Expansion - The acquired facilities include three fully functional radiation therapy cancer centers equipped with advanced technology, strategically located near major health systems in Rhode Island [4]. - The acquisition allows ASHS to maintain and expand radiation therapy services in key demographic areas, ensuring continued patient access to high-quality care [5]. Strategic Importance - The acquisition is viewed as a critical milestone for ASHS, enhancing its growth strategy and capital utilization [5]. - The transaction was facilitated by the bankruptcy of GenesisCare USA, allowing ASHS to step in and prevent potential disruptions in cancer treatment services for approximately 70 patients per day [6]. Partnerships and Future Prospects - ASHS aims to strengthen relationships with local healthcare systems, Care New England and Roger Williams Medical Center, to explore future growth opportunities [6].