GK Financing LLC, a Subsidiary of American Shared Hospital Services, Provides Gamma Knife ICON Upgrade to Providence Swedish Radiosurgery Center, Seattle, WA

Fulfilled Purchase Agreement to Upgrade Gamma Knife Perfexion to Gamma Knife ICON

SAN FRANCISCO, CA, Sept. 06, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – GK Financing LLC (GKF), a subsidiary of American Shared Hospital Services (NYSE American: AMS), a leading provider of creative financial and turnkey technology solutions for advanced radiosurgery and radiation oncology services, announced today that a recent upgrade, which included a new source reload, at Providence Swedish Radiosurgery Center has been completed and is now in clinical use. The new purchase agreement for GKF to upgrade the then current Gamma Knife Perfexion to the Gamma Knife ICON was signed earlier this year.

Peter Gaccione, CEO of American Shared Hospital Services and President of GK Financing (GKF), commented, “Providence Swedish Radiosurgery Center has provided Gamma Knife radiosurgery for 13 years. When they needed to upgrade to newer Gamma Knife technology, the team at GKF were able to put together a creative purchase plan that met their financial needs and allowed the Center to upgrade to the Gamma Knife ICON. The time from order to installation to first patient treated occurred fast and without any issues, allowing patients to quickly be treated with the newer technology.”

Gamma Knife radiosurgery is an alternative to open surgery and conventional radiotherapy as it can target the smallest and most challenging intracranial tumors and lesions with minimal effect on healthy tissue. This vital precision safeguards motor, sensory and neurocognitive function to help protect the mind and the person. A specially trained team consisting of a radiation oncologist, neurosurgeon and medical physicist create a treatment plan to precisely deliver the focused beams of radiation from the Gamma Knife ICON to the targeted region for noninvasive treatment, with minimal effect on healthy tissue. Patients can return home the same day and resume their normal activities within days.

Mary Monahan, Administrator, Providence Swedish Radiosurgery Center, said, “Our site went through a Gamma Knife reload/upgrade from Perfexion to ICON. This was the first time we worked with GK Financing (GKF) and their support was timely and valuable. They are extremely knowledgeable and great communicators which led to a great first-time experience throughout the process. Based on this I would strongly recommend working through GKF. Everyone at the site, including the doctors, are extremely excited about the Gamma Knife ICON upgrade and look forward to treating patients!”