American Shared Hospital Services` 12th Gamma Knife Center Opens at OSF Saint Francis Medical Center in Peoria
(Business Wire)...OSF Saint Francis is American Shared`s third Gamma Knife unit for non-invasive brain surgery procedures to open in 2001.......American Shared remains the leader in the ownership of non-invasive Gamma Knife radiosurgery units and continues to extend the Gamma Knife as the surgical alternative of choice for certain small-to-medium sized intracranial malignant and benign brain tumors, vascular malformations and trigeminal neuralgia....- May 17 4:03 PM ET
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Posted on: 05/17/2001
"Yahoo - American Shared Hospital Services' 12th Gamma Knife Center Opens at OSF Saint Francis Medical Center in Peoria"
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Thursday May 17, 4:03 pm Eastern Time
American Shared Hospital Services' 12th Gamma Knife Center Opens at OSF Saint Francis Medical Center in Peoria
SAN FRANCISCO--(BW HealthWire)--May 17, 2001--AMERICAN SHARED
HOSPITAL SERVICES (AMEX:AMS - news; PCX:AMS), www.ashs.com, the leading
provider of Gamma Knife radiosurgery services, announced today that
its 12th Gamma Knife unit opened and patient treatments began this
week at OSF Saint Francis Medical Center in Peoria, Illinois ("OSF
OSF Saint Francis is American Shared's third Gamma Knife unit for
non-invasive brain surgery procedures to open in 2001. Earlier this
month, the Company's 11th Gamma Knife unit began treating patients in
American Shared remains the leader in the ownership of
non-invasive Gamma Knife radiosurgery units and continues to extend
the Gamma Knife as the surgical alternative of choice for certain
small-to-medium sized intracranial malignant and benign brain tumors,
vascular malformations and trigeminal neuralgia. The Company's strong
same unit revenue growth of 17% during the first quarter of 2001
reflects the broad acceptance within the medical community of the
clinical benefits of non-invasive Gamma Knife surgery.
Commenting on the opening, Craig K. Tagawa, Chief Operating and
Financial Officer of American Shared said, "We are pleased to be able
to place the Gamma Knife at OSF Saint Francis Medical Center, the only
Illinois hospital outside of Chicago to offer this highly effective,
"The Gamma Knife is a significant addition to the radiosurgery
services already offered at OSF Saint Francis," said radiation
oncologist James McGee, M.D., co-director of the medical center's
Gamma Knife Center. "With the addition of the Gamma Knife, we have
developed a truly comprehensive program in treating brain disorders."
Neurosurgeon and Gamma Knife Center co-director William Olivero,
M.D. noted, "OSF Saint Francis is a major teaching affiliate of the
University of Illinois. By adding experience with the Gamma Knife, our
resident physicians will have an even more complete educational
experience that will, of course, benefit their future patients."
About the Gamma Knife
The Gamma Knife is a stereotactic radiosurgical device
manufactured by Elekta AB of Sweden (Stockholm Stock Exchange: ETKA).
The Gamma Knife treats certain malignant and benign brain tumors,
vascular malformations and trigeminal neuralgia without invasive
surgery. It uses three dimensional computer modeling to target a high
dose of radiation at abnormal tissue. More than 150,000 patients
worldwide already have been treated with Gamma Knife units.
About American Shared Hospital Services (www.ashs.com)
American Shared Hospital Services (AMEX: AMS - news) is a medical
services company, with interests in radiosurgery services (through its
81% interest in GK Financing LLC) and its program for The Operating
Room for the 21st Century(sm).
In addition to the Company's newest Gamma Knife unit at OSF Saint
Francis Medical Center in Peoria, Illinois, the Company's Gamma Knife
centers are currently in operation at: Central Mississippi Medical
Center in Jackson, MS, USCF Medical Center in San Francisco, CA, Hoag
UCI Gamma Knife Center in Newport Beach, CA, Southwest Texas Methodist
Hospital in San Antonio, TX, Yale Gamma Knife Center in New Haven, CT,
Kettering Medical Center in Dayton, OH, New England Medical Center in
Boston, MA, University of Arkansas for Medical Sciences in Little
Rock, AR, Froedtert Memorial Lutheran Hospital in Milwaukee, WI, JFK
Medical Center in Edison, NJ, and Sunrise Hospital and Medical Center
in Las Vegas, NV.
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 business, the risks of the
Internet-based information business, and the risks of developing The
Operating Room for the 21st Century. 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 for the year ended December 31, 2000, and its definitive Proxy
Statement dated April 12, 2001 for the Annual Meeting of Shareholders
to be held on May 17, 2001.
American Shared Hospital Services
Ernest A. Bates M.D., 415/788-5300
OSF Saint Francis Medical Center
Chris Lofgren, 309/655-2000 (Public Relations)
VMW Corporate & Investor Relations
Sylvia A. Dresner, 212/616-6161 (Senior VP)
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