Radiation Therapy gets $50M

FORT MYERS -- Radiation Therapy Services Holdings Inc. now has access to an additional $50 million in credit, a company release says.

The Fort Myers-based firm increased its access to credit by amending its existing credit agreement with Wells Fargo Securities LLC, and creating a new $50 million agreement with SunTrust Bank.

“We are now in a much stronger position to actively pursue acquisition and joint venture opportunities in the United States and Latin America,” explains Radiation Therapy president and CEO Daniel Dosoretz in a release.

Radiation Therapy operates 121 radiation treatment centers in eight countries, with 26 locations in Latin America and one in India. In the second quarter, the company posted a $1.5 million operating loss, despite generating $162.3 million in revenues, a 20% over-the-year increase.