AMERICAN SHARED HOSPITAL SERVICES (NYSE MKT:AMS), a leading
provider of turnkey technology solutions for advanced radiosurgical and
radiation therapy services, announced today that it has entered into a
contract to supply a Gamma Knife® Perfexion™ system to PeaceHealth
Sacred Heart Medical Center at RiverBend, Springfield, Oregon. This
new Perfexion system, the fourteenth in AMS' portfolio, is expected to
begin treating patients in the fourth quarter of 2014.
"The Gamma Knife Perfexion system is widely regarded as the most
advanced stereotactic radiosurgery system available today," said John
Hill, CEO of PeaceHealth Oregon West Network. "PeaceHealth Sacred Heart
Medical Center will soon be the first hospital in the Willamette Valley
to offer the Perfexion system for the treatment of brain tumors,
trigeminal neuralgia, and other malformations within the brain."
AMS Chairman and Chief Executive Officer Ernest A. Bates, M.D. said, "We
are pleased that AMS' creative financing solutions will make it possible
for patients at PeaceHealth Sacred Heart Medical Center to benefit from
this advanced therapeutic technology. This installation represents our 28th
new Gamma Knife site."
About Gamma Knife Perfexion
Gamma Knife Perfexion maintains full clinical compatibility with the
classic Gamma Knife and is supported by efficacy and outcome data from
600,000 treated patients worldwide and thousands of peer-reviewed
scientific articles, making it a proven choice for radiosurgery of the
brain. Elekta estimates that the fully automated and efficient single
push-button approach can save 3-5 working weeks of physician time per
year at an average Gamma Knife center.
American Shared Hospital Services provides turnkey technology solutions
for advanced radiosurgical and radiation therapy services. AMS is the
world leader in providing Gamma Knife radiosurgery equipment, a
non-invasive treatment for malignant and benign brain tumors, vascular
malformations and trigeminal neuralgia (facial pain). The Company also
offers the latest IGRT and IMRT systems, as well as its proprietary
Operating Room for the 21st CenturySM concept. AMS owns a
common stock investment in Mevion Medical Systems, Inc., developer of
the compact MEVION S250 Proton Therapy System.
PeaceHealth is a not-for-profit health care system with medical centers,
critical access hospitals, medical group clinics and laboratories
located in Alaska, Washington and Oregon. Founded by the Sisters of St.
Joseph of Peace, PeaceHealth has provided exceptional medicine and
compassionate care to Northwest communities for more than a century.
PeaceHealth's Oregon operations include PeaceHealth Sacred Heart Medical
Center at RiverBend in Springfield; PeaceHealth Sacred Heart Medical
Center, University District in Eugene; PeaceHealth Peace Harbor Medical
Center in Florence; and PeaceHealth Cottage Grove Community Medical
Center in Cottage Grove. In addition, PeaceHealth Medical Group and
PeaceHealth Laboratories operate numerous medical clinics and
laboratories at various locations throughout Lane County. PeaceHealth
employs approximately 6,000 caregivers in Lane County.
Safe Harbor Statement
This press release may be deemed to contain certain forward-looking
statements with respect to the financial condition, results of
operations and future plans of American Shared Hospital Services, which
involve risks and uncertainties including, but not limited to, the risks
of the Gamma Knife and radiation therapy businesses, the risks of
developing The Operating Room for the 21st Century program, and the
risks of investing in a development-stage company, Mevion Medical
Systems, Inc., without a proven product. Further information on
potential factors that could affect the financial condition, results of
operations and future plans of American Shared Hospital Services is
included in the filings of the Company with the Securities and Exchange
Commission, including the Company's Annual Report on Form 10-K and Form
10-K/A for the year ended December 31, 2013, the Quarterly Report on
Form 10-Q for the quarter ended on March 31, 2014, and the definitive
Proxy Statement for the Annual Meeting of Shareholders held on June 10,
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