Radiation firm makes $125M buy

FORT MYERS — Radiation Therapy Services Holdings acquired rival OnCure Holdings for $125 million, boosting the company's treatment centers to a total of 165 locations in the U.S. and Latin America.

Under the terms of the deal, Radiation Therapy Services will pay $42.5 million in cash and $82.5 million in assumed debt for OnCure, which includes 33 treatment centers and 11 physician groups.

OnCure Holding, based in Englewood, Colo., filed for Chapter 11 bankruptcy protection in June because of declining insurance reimbursements, according to a Dow Jones news report. The bankruptcy court recently approved the sale of the company's assets to Radiation Therapy Services earlier this month, concluding the bankruptcy case.