AMERICAN SHARED HOSPITAL SERVICES (NYSE AMEX:AMS), a leading provider of turnkey technology solutions for advanced radiosurgical and radiation therapy services, announced today that the Elekta Axesse TM Radiosurgery system it supplied to Baskent University, Adana, Turkey under a contract announced in March, 2011, has treated its first patient. The Kisla Campus of Baskent University houses the largest and most modern oncology center in the Adana region, now including both a Gamma Knife and two linear accelerator devices used for radiation therapy. Baskent University has a total of 561 hospital beds.
AMS Chairman and Chief Executive Officer Ernest A. Bates, M.D., said, "We are impressed with the professionalism of our Turkish partners and look forward to building our business together. Turkey is the fastest growing economy in Europe and the third fastest growing economy in the world behind only China and India. Given the small number of radiosurgery devices and services in the country today, and the fact that more than 90% of the population of 77 million is covered by health insurance, Turkey represents a significant growth opportunity for AMS. Together with our partner EMKA LLC, an affiliate of Ankara-based ÖZYÜREK A.Ş., Elekta's distributor in Turkey for the past twenty five years, we are committed to pursuing additional growth opportunities in Turkey."
About Axesse Radiosurgery Systems
Axesse Radiosurgery is a stereotactic treatment solution for the treatment of cancer and diseases of the brain, spine and body. According to its manufacturer, Elekta, Axesse Radiosurgery systems enable the delivery of higher and more conformal doses of radiation in fewer fractions than with conventional radiation techniques. The system combines three-dimensional image guidance with beam shaping and sub-millimeter patient positioning to deliver fast, efficient and accurate treatment. This combination minimizes set-up error risk, helps avoid damaging critical structures during treatment and compensates for patient motion.
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