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American Shared struggles to service debt
Imaging services provider American Shared Hospital Services ofSan Francisco failed to make the semiannual interest payment thatwas due last month on senior subordinated notes. The firm is discussingways to restructure the debt with its investment banker.
Imaging services provider American Shared Hospital Services ofSan Francisco failed to make the semiannual interest payment thatwas due last month on senior subordinated notes. The firm is discussingways to restructure the debt with its investment banker. Earlierin April, ASHS repurchased $6 million in senior subordinated notesfrom two holders at a discount.
ASHS, which is predominantly a mobile medical imaging company,has a cash flow problem due to losses incurred over the last twoyears. The company is exploring other financing options apartfrom debt restructuring, including the sale of assets and possiblejoint ventures, according to the ASHS 1990 annual report, releasedlast month.
The firm's primary magnetic resonance imaging business is profitable.ASHS has been loosing money, however, with its computed tomography,ultrasound and nuclear medicine businesses, said Ernest A Bates,chairman.
ASHS lost $3.6 million in fiscal 1990 (end-December), comparedto $2.7 million in 1989. Revenues were $61.5 million last year,up 18% from $52.3 million in 1989.
New CT and MRI Research Shows Link Between LR-M Lesions and Rapid Progression of Early-Stage HCC
January 2nd 2025Seventy percent of LR-M hepatocellular carcinoma (HCC) cases were associated with rapid growth in comparison to 12.5 percent of LR-4 HCCs and 28.5 percent of LR-4 HCCs, according to a new study.
Study Examines Impact of Deep Learning on Fast MRI Protocols for Knee Pain
December 17th 2024Ten-minute and five-minute knee MRI exams with compressed sequences facilitated by deep learning offered nearly equivalent sensitivity and specificity as an 18-minute conventional MRI knee exam, according to research presented recently at the RSNA conference.
