American Shared Hospital Services Expands Sales Team
06 Mai 2022 - 2:00PM
via NewMediaWire – American Shared Hospital Services (NYSE
American: AMS) (the "Company” or “AMS"), a leading provider of
turnkey technology solutions for stereotactic radiosurgery and
advanced radiation therapy equipment and services, today announced
that it has expanded the Company’s sales team by hiring Timothy J.
Keel as Vice President of Sales and Marketing, responsible for
sales and marketing company-wide, effective May 3, 2022. Ernest R.
Bates will become Vice President of International Sales and
Marketing.
Timothy J. Keel has over 30 years of experience in the
healthcare finance sector. He previously served as Vice President
of Sales for Dext Capital, a leading independent Healthcare finance
company. Prior to Dext, he held several senior sales roles at
BankAmerica, Citibank and Key Bank with a focus in project finance
in oncology, outpatient surgery and diagnostic imaging. Mr. Keel
holds a Bachelor of Science in Financial Management from California
State University of Long Beach.
Ray Stachowiak, Chief Executive Officer of AMS, commented, “AMS
has spent a lot of time strengthening its financial resources and
foundation to position the Company for its next phase of growth. An
important part of this plan was to add new leadership for our
company’s sales and marketing efforts, and we’re excited to have
hired Tim Keel for this position. Craig Tagawa, AMS’ President, COO
and CFO, and I have known Tim for 25 years, and his extensive sales
experience in the healthcare industry, along with his knowledge of
project finance, and his relationships with hospitals, medical
development entrepreneurs and medical equipment vendors, make him
an excellent fit to join American Shared Hospital Services at this
time. With the pandemic waning, the U.S. healthcare market is ripe
for placements of additional advanced radiation therapy equipment,
and with our broadened product portfolio, now was the time to
redouble our efforts in all markets. We welcome Tim to AMS and look
forward to his contributions.”
“AMS’ growth will also benefit from the joint venture that we
recently announced to install a state-of-the-art linear accelerator
for a radiation therapy center in Puebla, Mexico. This agreement
was conceived and negotiated during the COVID-19 pandemic and its
completion is due to the tenacity of Ernie Bates. This is our third
project outside of the U.S. and Ernie’s knowledge and experience in
the international markets were instrumental to this growth,”
concluded Mr. Stachowiak.
About American Shared Hospital Services (NYSE American:
AMS)
American Shared Hospital Services is a leading provider of
turnkey technology solutions for stereotactic radiosurgery and
advanced radiation therapy equipment and services. AMS is a leading
provider 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 proton therapy, and the latest IGRT, IMRT and
MR/LINAC systems. 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 American Shared Hospital
Services (including statements regarding the expected continued
growth of the Company and the expansion of the Company’s Gamma
Knife, proton therapy and MR/LINAC business, which involve risks
and uncertainties including, but not limited to, the risks of
economic and market conditions, the risks of variability of
financial results between quarters, the risks of the Gamma Knife
and proton therapy businesses, the risks of developing The
Operating Room for the 21st Century program, the risks of changes
to CMS reimbursement rates or reimbursement methodology, the risks
of the timing, financing, and operations of the Company’s Gamma
Knife, proton therapy, and MR/LINAC businesses, the risks of the
COVID-19 pandemic and its effect on the Company’s business
operations and financial condition, the risk of expanding within or
into new markets, the risk that the integration or continued
operation of acquired businesses could adversely affect financial
results and the risk that current and future acquisitions may
negatively affect the Company’s financial position. 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, 2021, and the definitive Proxy Statement for the Annual Meeting
of Shareholders to be held on June 21, 2022.
Contacts:American Shared Hospital ServicesRay
StachowiakChief Executive Officerrstachowiak@ashs.comInvestor
RelationsPCG AdvisoryStephanie PrinceP: (646)
863-6341sprince@pcgadvisory.com
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