American Shared posts income gain
American Shared Hospital Services shrugged off modest revenue growth to report a substantial improvement in both fourth-quarter and year-end net income. For the year, the San Francisco-based company had revenues of $37.2 million, up 0.5% compared with
American Shared Hospital Services shrugged off modest revenue growth to report a substantial improvement in both fourth-quarter and year-end net income. For the year, the San Francisco-based company had revenues of $37.2 million, up 0.5% compared with the $37 million reported in 1996. Net income, however, was $1.5 million, compared with a loss of $353,000 in 1996.
In its fourth quarter (end-December), American Shared had revenues of $9.5 million, an increase of 2.2% compared with the $9.3 million reported in the same period last year. Net income was $505,000 for the quarter, compared with $59,000 in the fourth quarter in the fourth quarter in 1996.The company, which announced the sale of its imaging business to Alliance Imaging on March 12 (SCAN 3/18/98), will use the $13.5 million in cash it receives from that transaction to fund continued growth of its gamma-knife business.
FDA Clears Virtually Helium-Free 1.5T MRI System from Siemens Healthineers
June 26th 2025Offering a cost- and resource-saving DryCool magnet technology, the Magnetom Flow.Ace MRI system reportedly requires 0.7 liters of liquid helium for cooling over the lifetime of the device in contrast to over 1,000 liters commonly utilized with conventional MRI platforms.
SNMMI: Botox May Facilitate Relief from Dry Mouth Side Effect of PSMA-Targeted Radiopharmaceuticals
June 25th 2025For patients being treated with radiopharmaceutical agents for metastatic prostate cancer, the combination of botulinum toxin and an anti-nausea patch led to a 30 percent reduction in PSMA uptake in the salivary glands, according to preliminary research findings presented at the SNMMI conference.
