Radiation firm plans more acquisitions

FORT MYERS — Revenues at Radiation Therapy Services fell 1.2% this quarter from lower Medicare reimbursements and fewer prostate-cancer treatments, but the company says it plans to continue making acquisitions.

Radiation Therapy, which operates 131 radiation-treatment centers, reported a net loss of $19.5 million on revenues of $178.1 million in the quarter ending June 30. That compares with a net loss of nearly $19 million on revenues of $180.3 million in the same quarter one year ago.

In a statement, Radiation Therapy President and CEO Daniel Dosoretz says that despite the 9% cut in Medicare reimbursements, the number of treatments grew 3.2%.