American Shared Hospital Services specializes in leasing advanced radiosurgery and radiation therapy equipment to healthcare providers. The company offers Gamma Knife stereotactic radiosurgery systems, a non-invasive technology used to treat conditions such as malignant and benign brain tumors, arteriovenous malformations, and trigeminal neuralgia. They also facilitate financing for Leksell Gamma Knife units. Additionally, the firm operates proton beam radiation therapy centers in Orlando, Florida, and Long Beach, California. Customers further benefit from comprehensive support encompassing planning, installation, reimbursement guidance, and marketing strategies. As of December 31, 2021, their portfolio included 115 active Gamma Knife units across the United States, complemented by two units in South America (Lima, Peru, and Guayaquil, Ecuador), and one proton beam radiation therapy system. Established in 1980, American Shared Hospital Services maintains its headquarters in San Francisco, California.
American Shared Hospital Services Reports Second Quarter and First Half 2026 Financial Results
American Shared Hospital Services reported Q2 revenue of $8.4 million, a 19% increase year-over-year, fueled by strong growth in Direct Patient Services and Proton Beam Radiation Therapy.
Despite the top-line gains, the company recorded a net loss of $0.07 per share and entered into a Third Amendment and Forbearance Agreement with Fifth Third Bank to restructure its debt obligations.
The firm secured $2.0 million in subordinated financing from an entity controlled by the Executive Chairman to bolster liquidity, while first-half operating cash flow reached $4.4 million.