- Provides Entry To Eastern North Carolina Local Market -
FORT MYERS, Fla., Sept. 24 /PRNewswire-FirstCall/ -- Radiation Therapy Services, Inc. (Nasdaq: RTSX), a leading operator of radiation therapy centers, announced today it has acquired a radiation therapy treatment center in Greenville, North Carolina.
The physicians at the Greenville facility also provide professional services at a hospital-based facility in nearby Kinston, North Carolina. The acquisition provides the Company with entry to the Eastern North Carolina market, its third new local market entry of 2007. The eight-county Greenville certificate of need (CON) planning area serves a growing population of 300,000 people with the acquired facility operating 2 of the 5 linear accelerators licensed by the state in the eight-county area. Kinston is in a neighboring CON planning area serving approximately 225,000 people with the facility in Kinston operating 1 of the 2 linear accelerators licensed by the state in the three-county area.
The freestanding facility in Greenville currently treats between 30 and 40 patients per day. The installation of a second accelerator was recently completed and the second machine is now licensed and operational. The facility currently has an intensity modulated radiation therapy (IMRT) program and the Company expects to implement an image guided radiation therapy (IGRT) program and expand the high dose brachytherapy program. The acquisition was financed by the Company's existing revolving credit facility and the Company did not assume any debt in the transaction.
Dr. Daniel Dosoretz, President and Chief Executive Officer, said, "Our
entry to the Eastern North Carolina local market is particularly s
|SOURCE Radiation Therapy Services, Inc.|
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