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American Shared Hospital Services posts 19% Q2 revenue growth
Management said cash flow from operations totaled $4.4 million in the first half of 2026 and is weighing refinancing or asset sales to address a $15.5 million debt obligation.
American Shared Hospital Services reported 19% revenue growth in Q2 2026, attributing the increase mainly to higher patient volumes in Rhode Island and improved international performance after technology upgrades, according to an earnings call summary on Yahoo Finance. The company said its international strategy is showing results in Peru, where an ESPRIT Gamma Knife upgrade improved patient throughput and utilization. Proton beam radiation therapy in Orlando also remains a key growth driver, supported by higher treatment volumes and favorable reimbursement trends. Management tied its operational progress to higher utilization across its network, which it identified as a primary driver of long-term profitability. It generated $4.4 million in cash from operations in the first half of 2026, which management described as validation of improved cash-generating capability. On financing, American Shared Hospital Services said a third amendment and forbearance agreement with Fifth Third Bank provides a framework for long-term capital solutions through June 2027. It is evaluating options to address a $15.5 million debt obligation, including refinancing or potential asset sales as outlined in the credit agreement.