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ASHS completes lease restructuring deal
American Shared Hospital Services announced last month that it has completed a restructuringof its leasing agreement with its major equipment lessor. ASHS,of San Francisco, sought the restructuring to reduce the company'sdebt load (SCAN 4/20/94). Under
American Shared Hospital Services announced last month that it has completed a restructuringof its leasing agreement with its major equipment lessor. ASHS,of San Francisco, sought the restructuring to reduce the company'sdebt load (SCAN 4/20/94).
Under the terms of the deal, equipment lease agreements weremodified to extend lease terms and reduce scheduled payments.About $3.2 million in past-due payments to the lessor have beenconverted to a $2 million secured promissory note repayable over86 months. The lessor also received a warrant to acquire about3.3% of American Shared common stock.
ASHS declined to name the identity of the lessor. ASHS hastraditionally focused on the supply of mobile and fixed/mobileservices using high-field GE Signa MRI systems.
New Literature Review Assesses Merits of Cardiac MRI After Survival of Sudden Cardiac Arrest
April 19th 2024While noting inconsistencies with the diagnostic yield of cardiac MRI in patients who survived sudden cardiac arrest, researchers cited unique advantages in characterizing ischemic cardiomyopathy (ICM) and facilitating alternate diagnoses.
