FORT MYERS, Fla., Jan. 11 /PRNewswire-FirstCall/ -- Radiation Therapy Services, Inc. , a leading operator of radiation therapy centers, announced today it has acquired a single radiation therapy treatment center in Opp, Alabama for approximately $1.75 million. The center is Radiation Therapy's second in Southeastern Alabama, complementing the Company's existing center in Dothan, Alabama.
The Company plans to implement an Intensity Modulated Radiation Therapy (IMRT) program and other advanced technologies at the new facility. The center currently treats an average of approximately 20 patients per day. The acquisition has received all necessary regulatory approvals.
Dr. Daniel Dosoretz, President and Chief Executive Officer, said, "We are pleased to broaden our Southeastern Alabama local market presence with the acquisition of this facility. With the anticipated implementation of IMRT and advanced treatment planning equipment, we expect to increase the number of patients treated per day by offering state of the art technology and to improve cancer care in the area. We will also enjoy the benefits of leveraging our current resources in Dothan."
About Radiation Therapy Services
Radiation Therapy Services, Inc., which operates radiation treatment centers primarily under the name 21st Century Oncology, is a provider of radiation therapy services to cancer patients. The Company's 69 treatment centers are clustered into 22 local markets in 14 states, including Alabama, Arizona, California, Delaware, Florida, Kentucky, Maryland, Massachusetts, Nevada, New Jersey, New York, North Carolina, Rhode Island and West Virginia. The Company is headquartered in Fort Myers, Florida. More information about the Company can be found at its Web site http://www.rtsx.com. RTSXG
This release may contain forward-looking statements about the Company's future plans, expectations and objectives. Words such as "may," "will," "expect," "intend," "anticipate," "plan," "believe," "seek," "could" and "estimate" and variations of these words and similar expressions are intended to identify forward-looking statements. These forward-looking statements are not historical facts and are subject to risks and uncertainties that could cause the actual results to differ materially from those projected in these forward-looking statements including, but not limited to those risk factors described in the "Risk Factors" section and other information in the Company's most recently filed quarterly report on Form 10-Q and annual report on Form 10-K, as well as the Company's other filings with the Securities and Exchange Commission which are available on the SEC's website at http://www.sec.gov. Readers of this release are cautioned not to place undue reliance on forward- looking statements. The Company undertakes no obligation to publicly update or revise the forward-looking statements contained herein to reflect changed events or circumstances after the date of this release.
Contacts: Investors/Media: Dave Koeninger Nick Laudico/Jason Rando Chief Financial Officer The Ruth Group Radiation Therapy Services, Inc. 646-536-7030/7025 239-931-7282 nlaudico@theruthgroup.comdkoeninger@rtsx.comjrando@theruthgroup.com
Radiation Therapy Services, Inc.CONTACT: Dave Koeninger, Chief Financial Officer of Radiation TherapyServices, Inc., +1-239-931-7282, dkoeninger@rtsx.com; or Investors - NickLaudico, +1-646-536-7030, nlaudico@theruthgroup.com, or Media - JasonRando, +1-646-536-7025, jrando@theruthgroup.com, both of The Ruth Group,for Radiation Therapy Services, Inc.
Web site: http://www.rtsx.com/