AMERICAN SHARED HOSPITAL SERVICES (NYSE AMEX:AMS), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, announced today that it has entered into a ten-year contract to supply radiation therapy services at Hospital Santa Paula (HSP) in São Paulo, Brazil. AMS will place an advanced technology linear accelerator with IMRT capabilities at HSP, and is expected to begin treating patients in early 2012 in conjunction with the expected completion of a new comprehensive cancer center to be built by the hospital.
AMS Chairman and Chief Executive Officer Ernest A. Bates, M.D., said, "This is an exciting time for AMS as we sign our second international contract in the past six months. We are proud that AMS' creative financing solutions make it possible for us to bring the benefits of radiation therapy treatment services to cancer patients in the fifth most populous country in the world. With a population of over 190 million in Brazil and 11 million in São Paulo alone, we anticipate great demand for our radiation therapy services. Hospital Santa Paula will treat patients from all over Brazil as well as other countries in Latin America who now must travel long distances for these treatments."
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