AMS · American Shared Hospital Services

Summary

American Shared Hospital Services entered into Amendment Two to its Proton Beam Radiation Therapy Lease Agreement with Orlando Health, Inc., effective March 13, 2026, extending the lease term by seven years from April 6, 2026 through April 5, 2033, and modifying lease payments, purchase option, equipment removal obligations, and insurance terms. This amendment secures continued leasing revenue from the proton beam radiation therapy system.

Key takeaways

• Amendment Two effective March 13, 2026, extends Proton Beam Radiation Therapy Lease Agreement term seven years from April 6, 2026 to April 5, 2033.
• Lease payments during Extension Period based on Technical Component Collection percentage per grid, decreasing over seven 12-month periods.
• Orlando Health granted option to purchase leased Mevion S250 equipment for [****] during April 6, 2030 to April 6, 2032.
• If purchase option not exercised, American Shared Hospital Services must remove equipment at its expense within 90 days after term end or 60 days after Cool Down Period.
• Updated insurance: ASHS maintains all-risk property insurance on equipment; Orlando Health maintains $1M/$5M general/professional liability with ASHS as additional insured.
• Quarterly operational, marketing, and financial meetings required between parties.