September 20, 2014 10:31 AM ET

Healthcare Providers and Services

Company Overview of 21st Century Oncology, Inc.

Company Overview

21st Century Oncology, Inc. develops and operates radiation therapy centers. The company provides radiation therapy services, including treatment for deepseated, head/neck, breast, and skin and surface tumors for cancer patients. The company also provides courtesy transportation, wheelchair, and stretcher services. The company was formerly known as Katin, Dosoretz Radiation Therapy Associates, P.A. and changed its name to 21st Century Oncology, Inc. in July, 1997. The company was founded in 1985 and is based in Fort Myers, Florida. The company operates oncology centers in Alabama, Arizona, California, Delaware, Florida, Kentucky, Massachusetts, Maryland, Michigan, New Jersey, New York, Nevad...

2234 Colonial Boulevard

Fort Myers, FL 33907

United States

Founded in 1985

Phone:

239-936-3756

Key Executives for 21st Century Oncology, Inc.

Co-Founder
Age: 61
Chief Financial Officer
Age: 53
Controller
Age: 45
Chief Technology Officer and Director of Physics and Engineering
Age: 59
Chief Information Officer and Senior Vice President
Age: 51
Compensation as of Fiscal Year 2014.

21st Century Oncology, Inc. Key Developments

21st Century Oncology, Inc. Reports Unaudited Consolidated Earnings Results and Operating Results for the Fourth Quarter and Full Year Ended December 31, 2013

21st Century Oncology, Inc. reported unaudited consolidated earnings results and operating results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported total revenues of USD 203.390 million compared to USD 168.736 million a year ago. Loss before income taxes was USD 34.905 million compared to USD 31.931 million a year ago. Net loss was USD 9.624 million compared to USD 33.222 million a year ago. Net loss attributable to the company was USD 10.225 million compared to USD 33.070 million a year ago. Comprehensive loss attributable to the company was USD 16.186 million compared to USD 35.574 million a year ago. Pro-forma adjusted EBITDA was USD 27.236 million compared to USD 24.164 million a year ago. The increase in revenue was principally due to increased census, accretive joint ventures and acquisitions and international revenue growth, offset by lower reimbursement rates. For the quarter, the company reported number of new 2D cases of 848 compared to 1,254 a year ago. The number of new 3D cases was 2,779 compared to 2,312 a year ago. IMRT /IGRT cases was 560 compared to 346 a year ago. For the year, the company reported total revenues of USD 736.516 million compared to USD 693.951 million a year ago. Loss before income taxes was USD 93.980 million compared to USD 146.584 million a year ago. Net loss was USD 73.548 million compared to USD 151.129 million a year ago. Net loss attributable to the company was USD 75.514 million compared to USD 154.208 million a year ago. Comprehensive loss attributable to the company was USD 90.443 million compared to USD 161.740 million a year ago. Net cash used in operating activities was USD 10.624 million compared to net cash provided by operating activities of USD 16.130 million a year ago. Purchase of property and equipment was USD 40.744 million compared to USD 30.676 million a year ago. Pro-forma adjusted EBITDA was USD 118.591 million compared to USD 104.691 million a year ago. The increase in revenue was principally due to increased domestic census, accretive joint ventures and acquisitions and international revenue growth, offset by lower reimbursement rates. For the year, the company reported number of new 2D cases of 3,716 compared to 4,857 a year ago. The number of new 3D cases was 10,418 compared to 8,901 a year ago. IMRT /IGRT cases was 1,956 compared to 1,471 a year ago.

21st Century Oncology, Inc. to Bring 32 New Jobs to Riverhead by the End of its Second Year

21st Century Oncology announced the new form of radiation therapy, the company will also bring 32 new jobs to Riverhead by the end of its second year.

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Date
Target
Merger/Acquisition
February 11, 2014
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