American Shared Hospital Services (AMEX:AMS) Q4 2022 Earnings Call Transcript

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Unidentified Analyst: That’s wonderful to hear. It’s a wonderful year. And also, is there any update, if any, on the Long Beach Equipment LLC, which I understand is not expected to do anything. But I was just curious if there was any further movement in that area.

Raymond Stachowiak: Yes, I will just comment. It’s been a very challenging marketplace in that region. One that’s challenged by the different health care systems in that region. And quite frankly, a search for an appropriate facility to locate the operation in the center.

Unidentified Analyst: Right, right. That’s very interesting. The only other thing I was going to mention is just — and this is just a request. I mean you get all these ridiculous requests all the time, so I apologize for saying this next thing. But I think because most people don’t live in this proton beam therapy area the way that you do that even though I think it’s an amazing discussion of the different manufacturers that you have like maybe Mevion, IBA in Hitachi, Pronova, Sumimoto Proton, Mitsubishi, et cetera, of the many manufacturers. I was just hoping maybe in the future, if there could be some discussion in the annual report of some of the different nonhospital players. Just when I was doing some research just here in Texas, it was very interesting to see some of what happened with Concord Medical, for instance, taking a 20% stake in the MD Anderson proton beam therapy center and then divesting of that stake later and things like U.S. Oncology, as you know, a subsidiary of McKesson, which it looks like — I’ve no idea what the exact relationship is the Texas Center for Proton therapy in North Texas.

But just some of these — it seems like there are less than 40 proton beam therapy machines and maybe that’s going to be 42 or 45 with some construction. But in the whole United States and just if there was some discussion of what’s happening now with the industry either on this call or in an annual report of the super helpful. But we’re just huge fans of you guys. We’re great admirers of the cash flow generation, and we are looking forward to seeing your progress. Thanks so much.

Raymond Stachowiak: Thank you, Harry. Appreciate your comments and questions and your feedback. Appreciate it.

Operator: Thank you. And this concludes our question-and-answer session. I would like to return the call to Ray Stachowiak for any closing comments.

Raymond Stachowiak: Thank you, operator, and thank you to everyone who joined us here today. We have a good question-and-answer session. We appreciate your feedback and your questions, and hopefully, we’ve been helpful. We are very proud of the sustainable growth that we’ve experienced and the profitability trends we’ve established and as mentioned, as you can probably hear in our voices, we are very excited for the future of American Shared. We really believe our newly aligned management team, the deep financial resources that we have, and our investment in our sales and marketing positions us very well for sustained growth and profitability. We look forward to speaking with you again in our first quarter results are announced in mid-May. Please contact us directly if you have any questions before them. Be well and stay safe. Goodbye.

Operator: Thank you. The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect your lines.

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