American Shared Hospital Services Acquires 60% Interest in Three Radiation Therapy Centers for $2.85M
November 21, 2023
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American Shared Hospital ($NYSEAM:AMS) Services (ASHS) recently announced that they have acquired a 60% interest in three radiation therapy centers for a total cost of $2.85 million. ASHS is a leading provider of turnkey technology solutions for hospitals and healthcare systems across the United States. They specialize in providing both capital equipment and services for radiation therapy, nuclear medicine, and other related services, allowing hospitals to provide better care to their patients while increasing their own financial efficiency. The purchase of the three radiation therapy centers will help ASHS expand its already impressive portfolio of medical services. This new agreement will bring the total number of radiation therapy centers owned or managed by ASHS to eleven, allowing them to provide comprehensive care to patients throughout the United States.
The acquisition will also provide ASHS with more opportunities to explore new and innovative treatments, as well as access to new markets and technologies. The acquisition of the three radiation therapy centers is a strategic move for ASHS, as it will enable them to increase their presence in the healthcare market and provide more efficient and cost-effective care to their patients. By investing in these radiation therapy centers, ASHS is demonstrating their commitment to providing the highest quality of care and helping hospitals and healthcare systems better serve their patients.
Analysis
GoodWhale provides an analysis of AMERICAN SHARED HOSPITAL SERVICES’ fundamentals. Our star chart shows that the company is strong in cash flows, medium in assets and profitability, and weak in dividends and growth. The company also has a good health score of 8/10 based on its cashflows and debt. This indicates that AMERICAN SHARED HOSPITAL SERVICES is capable of paying off debt and funding future operations. We classify the company as a “rhino” – a type of company that has achieved moderate revenue or earnings growth. Investors who are looking for a stable company with moderate growth could be interested in AMERICAN SHARED HOSPITAL SERVICES. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AMS. More…
| Total Revenues | Net Income | Net Margin |
| 20.66 | 0.44 | 4.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AMS. More…
| Operations | Investing | Financing |
| 10.38 | -6.23 | -1.16 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AMS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 47.36 | 21.35 | 3.54 |
Key Ratios Snapshot
Some of the financial key ratios for AMS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 4.7% | 65.7% | 9.3% |
| FCF Margin | ROE | ROA |
| 20.1% | 5.4% | 2.5% |
Peers
American Shared Hospital Services and its competitors, Fukuda Denshi Co Ltd, Nihon Kohden Corp, and Aoxin Q & M Dental Group Ltd, are all providers of healthcare services in the United States. Each company has a different focus, but all share the common goal of providing quality care to their patients.
– Fukuda Denshi Co Ltd ($TSE:6960)
Fukuda Denshi Co Ltd is a Japanese company that manufactures and sells medical equipment. It has a market cap of 142.16B as of 2022 and a Return on Equity of 9.95%. The company was founded in 1923 and is headquartered in Tokyo, Japan.
– Nihon Kohden Corp ($TSE:6849)
Nihon Kohden Corporation is a Japanese manufacturer of medical electronics and patient monitors. The company has a market capitalization of $282.15 billion as of March 2022 and a return on equity of 13.19%. Nihon Kohden is a leading manufacturer of medical electronics and patient monitors in Japan. The company’s products are used in hospitals, clinics, and homes around the world. Nihon Kohden has a long history of innovation and is a trusted name in the medical industry. The company’s products are known for their quality, reliability, and durability.
– Aoxin Q & M Dental Group Ltd ($SGX:1D4)
Aoxin Q & M Dental Group Ltd is a Singapore-based company that manufactures and sells dental products and services. It has a market cap of 85.39M as of 2022 and a return on equity of -0.31%. The company manufactures and sells dental products such as dental implants, bridges, crowns, and dentures. It also provides dental services such as teeth whitening, braces, and root canals.
Summary
American Shared Hospital Services (ASHS) recently announced its plans to invest in three radiation therapy centers. For an estimated $2.85 million, the company will purchase a 60% ownership stake in the centers. This move is a strategic investment with the potential to increase ASHS’s influence in the radiation therapy industry, as well as increase their revenue and market share in the future.
It also provides the company with an opportunity to capitalize on the growing demand for radiation therapy services. Overall, this is a smart and well-timed investment by ASHS, which should pay dividends in the long run.
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