American Shared Hospital signs JV agreement for Gamma Knife facility

American Shared Hospital Services announced that it has signed a joint venture, JV, agreement to partner in a Gamma Knife treatment facility in Guadalajara, Mexico. AMS has signed a Joint Venture agreement with Hospital San Javier to establish a Mexican JV to treat public and private cancer patients. AMS and HSJ will hold 70% and 30% ownership interests, respectively. The new Joint Venture will be upgrading HSJ’s existing Gamma Knife Perfexion system to an Esprit, Elekta’s newest Gamma Knife radiosurgery system. “We believe that this joint venture with HSJ is a testament to AMS’ global expansion plans and is ripe with opportunity. This is an exciting transaction for AMS, and the second expansion of our international strategy into Mexico, where we will soon begin treating patients with our state of the art Elekta Linear Accelerator Versa HD at our AB Radiocirugia y Radioterapia facility in Puebla. These two operations are in addition to our existing international Gamma Knife centers in Peru and Ecuador,” said Ray Stachowiak, Executive Chairman and CEO of American Shared Hospital Services.