GK Financing LLC joins with Instituto de Gamma Knife del Pacifico SAC (IGKP) to celebrate this momentous occasion with experts in the field of Radiosurgery in Peru

SAN FRANCISCO, CA, Oct. 02, 2023 (GLOBE NEWSWIRE) — via NewMediaWire –  GK Financing LLC (GKF), a subsidiary of American Shared Hospital Services (NYSE American: AMS), a leading provider of creative financial and turnkey technology solutions for advanced radiosurgery services and owner of International Gamma Knife Cancer Centers (IGKP) , announced today that Dr. Aldo Berti, Medical Director of IGKP in Lima, Peru,  hosted a grand event to acknowledge the 20th anniversary of the first patient to be treated with Stereotactic Radiosurgery Surgery in Peru by inviting expert clinicians from Lima and surrounding provinces to share in this momentous event. The celebration was held at “La Tiendecita Blanca” on September 28, 2023.

Dr. Aldo Berti, Medical Director of IGKP, has been treating patients successfully on Gamma Knife technology for the last 29 years and including since 2017, at IGKP, which has treated nearly 800 patients since the Center opened in 2017. He and his team have been providing a much gentler option for patients having brain cancer, AVMs or functional disorders in a non-invasive and non-surgical fashion.

Dr. Berti stated, “It is with great honor and pleasure that I am able to be part of this 20-year anniversary where we reflected and talked about the history and evolution of radiosurgery in Peru, including a discussion on  the new Gamma Knife Esprit that will soon be installed and available to treat patients.  This will be the first Gamma Knife Esprit in Peru and possibly in South America as well.”

Gamma Knife® radiosurgery is a gentler alternative to open surgery and conventional radiotherapy as it can target the smallest and most challenging intracranial tumors and lesions with minimal effect on healthy tissue. This vital precision safeguards motor, sensory and neurocognitive function to help protect the mind and the person.  After locating tumors, specially trained neurosurgeons focus beams of radiation from the Gamma Knife Esprit directly to the affected area for non-invasive treatment, with minimal effect on healthy tissue. Patients can return home the same day and resume their normal activities within days.

Esprit includes a variety of innovations that are now available in a single platform and offers clinicians several new clinical features that are not available in Gamma Knife Perfexion. Esprit offers both frameless (masked-based immobilization) and frame-based workflows with the new Vantage Headframe that provides superior visualization. The Esprit also has advanced on-board CT Imaging allowing for same-day imaging and treatment and the newest Lightening Planning system that offers  faster treatment planning and remote treatment planning/viewing. All of these features work together to increase and improve workflow efficiency while utilizing remote accessibility and collaboration tools designed to meet the needs of changing environments.

With its focus on making the best healthcare technology accessible to patients and supporting healthcare equity for all, GKF will have a booth at this year’s American Society of Therapeutic Radiation Oncology (ASTRO) meeting to be held in San Diego, CA on October 1-4, 2023.  This is a great opportunity for attendees to visit with the GKF team to discuss the many creative financial and turnkey solutions that can be offered to key decision makers, neurosurgeons, radiation oncologists, radiation therapists, medical physicists, and departmental administrators to educate and inform attendees on how GKF can help them obtain the latest radiosurgery medical treatment devices with no capital outlay.

Peter Gaccione, Board Member of Instituto de Gamma Knife del Pacifico SAC, added, “We are extremely pleased that for the past 6 years our Cancer Treatment Center in Lima, Peru has been able to offer patients an advanced non-invasive Radiosurgery treatment alternative other than surgery.  And we’re excited that now, when the newest Gamma Knife Esprit is installed, we will be able to offer even more clinical treatment benefits at our Center to patients in Peru and surrounding countries.”

About Instituto de Gamma Knife del Pacifico SAC (IGKP)

In July 2017, Instituto Gamma Knife del Pacífico opened its doors and started operations, offering Peru’s first Gamma Knife equipment for intracranial stereotactic radiosurgery treatments. Since then, it has provided the most precise and timely treatment to nearly 800 Peruvian patients with brain disorders, thanks to a select group of specialized professionals.

The results obtained have been and continue to be encouraging, in many cases eliminating the risk of mortality and in others improving the quality of life. The experience lived with our patients over the years motivates us to continue with the same spirit with which IGKP was started.

Today, as we reaffirm our commitment to the pursuit of therapeutic excellence, we are excited about the acquisition of Gamma Knife’s most state-of-the-art equipment: Esprit.

About GK Financing, LLC

GK Financing, LLC, a subsidiary of American Shared Hospital Services in partnership with Elekta, provides creative financial and turnkey technology solutions for the Gamma Knife system.  GKF 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).  GKF offers creative payment models such as pay per treatment, payment on percentage of revenue collected, and even joint venture models.  GKF provides full project management for the entire project with no capital outlay in a risk sharing model.

For more information, please visit: www.gkfinancingllc.com .

About American Shared Hospital Services

American Shared Hospital Services (ASHS) is a leading provider of creative financial and turnkey solutions to Cancer Treatment Centers, hospitals, and large cancer networks worldwide.  The company works closely with all major global Original Equipment Manufacturers (OEMs) that provide leading edge clinical treatment systems and software to treat cancer using Radiation Therapy and Radiosurgery. The company is vendor agnostic and provides financial support for a wide range of products including MR Guided Radiation Therapy Linacs, Advanced Digital Linear Accelerators, Proton Beam Therapy Systems, Brachytherapy systems and suites, and through the Company’s subsidiary, GK Financing LLC., the Leksell Gamma Knife product and services. For more information, please visit: www.ashs.com

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 GK Financing and American Shared Hospital Services (including statements regarding the expected continued growth in volume of the, expansion of the Company’s business, and the timing of treatments by new Gamma Knife systems) which involve risks and uncertainties including, but not limited to, the risks of variability of financial results between quarters, the risks of the Gamma Knife and radiation therapy businesses, and the risks of the timing, financing, and operations of the Company  business.  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, its Quarterly Reports on Form 10-Q, and the definitive Proxy Statement for the Annual Meeting of Shareholders.

Contacts:

Connie Fletcher, General Manager, IGKP
cfletcher@gammaknifedelpacifico.com

Dr. Aldo Berti, Medical Director, IGKP
aldobertimd@gmail.com

GK Financing, LLC
Ranjit Pradhan, Head of Marketing and Customer Advocacy
P: (415) 788-5300 Ext 4021
rpradhan@ashs.com

PCG Advisory Group, Investor Relations
Stephanie Prince
P: (646) 863-6341
sprince@pcgadvisory.com

First Time Attending as an Exhibitor to Meet Customers and Strategic Partners

SAN FRANCISCO, CA, Sept. 14, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – American Shared Hospital Services (ASHS) and GK Financing LLC (GKF), a subsidiary of American Shared Hospital Services (NYSE American: AMS), a leading provider of creative financial and turnkey technology solutions for advanced radiosurgery and radiation oncology services, announced today that for the first time American Shared Hospital Services (ASHS) and its subsidiary, GK Financing (GKF), will not only attend as in previous years but also exhibit at the American Society Radiation Therapy and Oncology (ASTRO) annual meeting  being held in San Diego, CA on October 1-4, 2023.

The American Society for Radiation Oncology (ASTRO) is the largest radiation oncology society in the world, with nearly 10,000 members who are physicians, nurses, biologists, physicists, radiation therapists, dosimetrists and other health care professionals who specialize in treating patients with radiation therapies. The ASTRO Annual Meeting is a place where radiation oncology vendors provide and exhibit products and services to help patients in the fight against cancer using the latest software, imaging modalities, and Radiation Treatment systems.

With its focus on making the best healthcare technology accessible to patients and supporting healthcare equity for all, ASHS and GKF will have a booth to meet current customers, prospects, strategic partners, and major OEMs in person.  ASHS and GKF will show its creative financial and turnkey solution offerings to key decision makers, radiation oncologists, radiation therapists, medical physicists, and departmental Administrators to educate and inform attendees on how ASHS and GKF can help them obtain the latest medical treatment devices with no capital outlay.

Peter Gaccione, CEO of American Shared Hospital Services and President of GK Financing, stated, “This is a key milestone for us to attend this important annual conference in person and have a dedicated booth to hold informative and educational meetings with attendees, including our current customers and key OEM’s attending ASTRO.  In past years, ASHS and GKF attended this meeting as attendees, but now as an exhibitor, we have the opportunity to directly market the successful financial and turnkey solutions we provide as an agnostic company that works with all major medical device vendors in radiation oncology.”

In conjunction with this year’s ASTRO meeting, the annual meeting of the American Society of Radiation Technologist (ASRT) will also be held. This Radiation Therapy Conference brings together radiation therapists, medical dosimetrists, and other leading radiation oncology experts from around the world who are driving innovation and the future of the profession.

In addition, the Society for Radiation Oncology Administrators (SROA) will also hold their annual meeting in conjunction with this year’s ASTRO. Since 1984, SROA has provided a supportive network of expertise for radiation oncology administrators to improve and advance their management of organizational operations, finance, research, and human resources.

Ranjit Pradhan, Head of Marketing and Customer Advocacy for ASHS and GKF, added, “It’s not often when three (3) major Societies come together in one location, and by having a dedicated booth here at ASTRO, we have been able to prearrange meetings at the show. We plan to show our existing and potential customers firsthand what we can offer in regard to upgrading their current Gamma Knife products, informing them on best practices that we have seen work successfully at other sites, and to hear more about any current issues facing treatment facilities in today’s environment. In addition, with attendees from ASTRO, ASRT, and SROA all together in one location, we have the opportunity to meet the decisions makers and medical expertise that work in areas of radiation and radiosurgery and inform them on how we can also provide financial partnerships for MR Linacs, Proton Beam Therapy, and Linacs.”

ASHS and GKF will have staff on hand to meet attendees, please visit booth #2427 to see and hear how our organization can help bring the latest medical treatment technology to your hospital or cancer center.

About American Shared Hospital Services

American Shared Hospital Services (ASHS) is a leading provider of creative financial and turnkey solutions to Cancer Treatment Centers, hospitals, and large cancer networks worldwide.  The company works closely with all major global Original Equipment Manufacturers (OEMs) that provide leading edge clinical treatment systems and software to treat cancer using Radiation Therapy and Radiosurgery. The company is vendor agnostic and provides financial support for a wide range of products including MR Guided Radiation Therapy Linacs, Advanced Digital Linear Accelerators, Proton Beam Therapy Systems, Brachytherapy systems and suites, and through the Company’s subsidiary, GK Financing LLC., the Leksell Gamma Knife product and services. For more information, please visit: www.ashs.com

About GK Financing, LLC

GK Financing, LLC, a subsidiary of American Shared Hospital Services in partnership with Elekta, provides creative financial and turnkey technology solutions for the Gamma Knife system.  GKF 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).  GKF offers creative payment models such as pay per treatment, payment on percentage of revenue collected, and even joint venture models.  GKF provides full project management for the entire project with no capital outlay in a risk sharing model.

For more information, please visit: www.gkfinancingllc.com .

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 GK Financing and American Shared Hospital Services (including statements regarding the expected continued growth in volume of the, expansion of the Company’s business, and the timing of treatments by new Gamma Knife systems) which involve risks and uncertainties including, but not limited to, the risks of variability of financial results between quarters, the risks of the Gamma Knife and radiation therapy businesses, and the risks of the timing, financing, and operations of the Company  business.  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, its Quarterly Reports on Form 10-Q, and the definitive Proxy Statement for the Annual Meeting of Shareholders.

Contacts:

ASHS and GK Financing
Peter Gaccione, CEO, ASHS and President, GKF
P: (628-236-4066)
pgaccione@ashs.com

PCG Advisory Group, Investor Relations
Stephanie Prince
P: (646) 863-6341
sprince@pcgadvisory.com

Fulfilled Purchase Agreement to Upgrade Gamma Knife ® Perfexion ™ to Gamma Knife ® ICON

SAN FRANCISCO, CA, Sept. 06, 2023 (GLOBE NEWSWIRE) — via NewMediaWire – GK Financing LLC (GKF), a subsidiary of American Shared Hospital Services (NYSE American: AMS), a leading provider of creative financial and turnkey technology solutions for advanced radiosurgery and radiation oncology services, announced today that a recent upgrade, which included a new source reload, at Providence Swedish Radiosurgery Center has been completed and is now in clinical use. The new purchase agreement for GKF to upgrade the then current Gamma Knife Perfexion to the Gamma Knife ICON was signed earlier this year.

Peter Gaccione, CEO of American Shared Hospital Services and President of GK Financing (GKF), commented, “Providence Swedish Radiosurgery Center has provided Gamma Knife radiosurgery for 13 years. When they needed to upgrade to newer Gamma Knife technology, the team at GKF were able to put together a creative purchase plan that met their financial needs and allowed the Center to upgrade to the Gamma Knife ICON. The time from order to installation to first patient treated occurred fast and without any issues, allowing patients to quickly be treated with the newer technology.”

Gamma Knife® radiosurgery is an alternative to open surgery and conventional radiotherapy as it can target the smallest and most challenging intracranial tumors and lesions with minimal effect on healthy tissue. This vital precision safeguards motor, sensory and neurocognitive function to help protect the mind and the person. A specially trained team consisting of a radiation oncologist, neurosurgeon and medical physicist create a treatment plan to precisely deliver the focused beams of radiation from the Gamma Knife ICON to the targeted region for noninvasive treatment, with minimal effect on healthy tissue. Patients can return home the same day and resume their normal activities within days.

Mary Monahan, Administrator, Providence Swedish Radiosurgery Center, said, “Our site went through a Gamma Knife reload/upgrade from Perfexion to ICON. This was the first time we worked with GK Financing (GKF) and their support was timely and valuable. They are extremely knowledgeable and great communicators which led to a great first-time experience throughout the process. Based on this I would strongly recommend working through GKF. Everyone at the site, including the doctors, are extremely excited about the Gamma Knife ICON upgrade and look forward to treating patients!”

The Gamma Knife ICON includes a variety of innovations that are now available on a single platform and offers clinicians several new clinical features not previously available in Perfexion. ICON offers patients frameless head immobilization (masked-based immobilization) or frame-based workflows with the Leksell Headframe and has advanced on-board CT Imaging allowing for same day imaging and treatment. The ICON utilizes the Lightening Treatment Planning system offering faster treatment planning and remote treatment planning that increases and improves workflow efficiency utilizing remote accessibility and collaboration tools designed to meet the needs of changing environments.

About Providence Swedish Radiosurgery Center

Providence Swedish Radiosurgery Center is a radiation therapy center specializing in Stereotactic Radiosurgery (SRS) and Stereotactic Body Radiation Therapy (SBRT). The center opened in 2006, in partnership with the Tumor Institute Radiation Oncology Group (TIROG).  TIROG is a group of 14 radiation oncologists committed to caring for cancer patients in the greater Seattle area.  The name originates from the first cancer and radiation center in the Pacific Northwest, the Tumor Institute, originally established in downtown Seattle at Swedish Hospital in 1932.  TIROG was an early adopter of stereotactic radiosurgery having the first Gamma Knife in the Pacific Northwest in 1993. For further information contact www.tirog.org | www.swedish.org/radiosurgery

About GK Financing, LLC

GK Financing, LLC, a subsidiary of American Shared Hospital Services in partnership with Elekta, provides creative financial and turnkey technology solutions for the Gamma Knife system. GKF 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).  GKF offers creative payment models such as pay per treatment, payment on percentage of revenue collected, and even joint venture models. GKF provides full project management for the entire project with no capital outlay in a risk sharing model.

For more information, please visit: www.gkfinancingllc.com

About American Shared Hospital Services

American Shared Hospital Services (ASHS) is a leading provider of creative financial and turnkey solutions to Cancer Treatment Centers, hospitals, and large cancer networks worldwide.  The company works closely with all major global Original Equipment Manufacturers (OEMs) that provide leading edge clinical treatment systems and software to treat cancer using Radiation Therapy and Radiosurgery. The company is vendor agnostic and provides financial support for a wide range of products including MR Guided Radiation Therapy Linear Accelerators, Advanced Digital Linear Accelerators, Proton Beam Therapy Systems, Brachytherapy systems and suites, and through the Company’s subsidiary, GK Financing LLC., the Leksell Gamma Knife product and services. For more information, please visit: www.ashs.com

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 GK Financing and American Shared Hospital Services (including statements regarding the expected continued growth in volume of the, expansion of the Company’s business, and the timing of treatments by new Gamma Knife systems) which involve risks and uncertainties including, but not limited to, the risks of variability of financial results between quarters, the risks of the Gamma Knife and radiation therapy businesses, and the risks of the timing, financing, and operations of the Company  business.  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, its Quarterly Reports on Form 10-Q, and the definitive Proxy Statement for the Annual Meeting of Shareholders.

Contacts:

GK Financing, LLC
Ranjit Pradhan, Head of Marketing and Customer Advocacy
P: (415) 788-5300 Ext 4021
rpradhan@ashs.com

PCG Advisory Group, Investor Relations
Stephanie Prince
P: (646) 863-6341
sprince@pcgadvisory.com