AMS sells off Turkish business

Radiosurgery technology provider American Shared Hospital Services (AMS) said it has sold its gamma knife and image-guided radiation therapy services business in Turkey.

Euromedic Cancer Treatment Centers paid AMS an undisclosed amount of cash, which will be used primarily to pay down debt associated with the Turkey operations, as well an earn out based on future revenue from the two gamma knife units and one image-guided radiation therapy unit AMS had operated in Istanbul and Adana.

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