Radiation firm posts loss

FORT MYERS — Radiation Therapy Services, an operator of cancer-treatment centers, posted a net loss of $91 million on revenues of $168 million in the three months ended Sept. 30.

Those results compared with a net loss of $241 million on revenues of $154 million in the same quarter in 2011.

Radiation Therapy, which posted preliminary results Nov. 5, says in a statement that the net loss in both years was “attributable to revisions of the company's financial forecasts largely as a result of reductions in reimbursement, primarily to write down goodwill, trade name and an investment in a joint venture to their implied fair values, as well as continued depressed economic conditions in the U.S.”