Radiation firm sales grow

FORT MYERS — Radiation Therapy Services says revenues rose 11.1% to $180.3 million in the second quarter, but the increase wasn't enough to overcome higher expenses.

The Fort Myers-based operator of cancer radiation-treatment centers posted a net loss of nearly $19 million in the second quarter on higher expenses. That compared to a net loss of $4.8 million in the second quarter of 2011.

Radiation Therapy says revenues rose in large part due to recent acquisitions of centers in California, Florida, North Carolina and Argentina and management contracts of hospital facilities. For centers it has operated one year or longer, Radiation Therapy says treatments per day rose 4.1%, but revenues per treatment fell 3.5% on lower reimbursement rates.