ASHS forms Gamma Knife joint venture

American Shared Hospital Services of San Francisco has reachedan agreement in principle to form a new company to finance projectsusing the Gamma Knife radiosurgery system made by Elekta Instruments.GK Financing will provide alternative financing for Gamma Knifeunits in the U.S. and Brazil, such as through fee-for-serviceleases. GK Financing is placing orders for four Gamma Knife systemsand will have access to two systems contributed by ASHS. ASHShas a 78% interest in the new firm, while Elekta has a 22% stake.