Radiation Care Inc. announces quarterly results.ATLANTA--(BUSINESS WIRE)--Nov. 22, 1994--Radiation Care Inc. (NASDAQ/NMS:RDCR RDCR Rare Diseases Clinical Research ), an Atlanta-based owner and operator of outpatient outpatient /out·pa·tient/ (-pa-shent) a patient who comes to the hospital, clinic, or dispensary for diagnosis and/or treatment but does not occupy a bed. out·pa·tient n. radiation therapy and diagnostic centers, Tuesday Tuesday: see week. reported results for the three months ended Sept. 30, 1994. The company reported net patient revenues of $6.2 million for the three months ended Sept. 30, 1994 as compared with $7.7 million for the comparable three month period of the prior year. The company had a net loss of $13.6 million or $.83 per share for the three months ended Sept. 30, 1994. The net loss for the three months ended Sept. 30, 1993 was $1.0 million or $.06 per share. The company reported net patient revenues of $19.7 million for the nine months ended Sept. 30, 1994 as compared with $22.8 million for the comparable nine month period of the prior year. The company had a net loss of $14.7 million or $.90 per share for the nine months ended Sept. 30, 1994. The net loss for the nine months ended Sept. 30, 1993 was $2.0 million or $.11 per share. The decrease in patient revenues was primarily attributable to a decrease in the number of patients treated at the company's existing radiation therapy centers and lower reimbursements due to a higher proportion of treatments to patients whose reimbursements were provided by managed care payors or government sponsored programs. A substantial portion of the decrease in the number of patients treated can be attributed to physician turnover at various centers. Included in the company's loss for the three months ended Sept. 30, 1994 were charges of (a) $5.6 million for the write down of certain assets, including the write off of unamortized goodwill of one of the company's subsidiaries and write downs of property and equipment at two of the company's radiation therapy centers; (b) $400,000 for a reserve for costs associated with the potential closing of one of the company's radiation therapy centers; (c) $3.7 million for the write down of investment in affiliate incurred in connection with the company's agreement to sell Community Clinicians Leasing, L.P. to The Columbia Columbia, cities, United States Columbia (kəlŭm`bēə). 1 City (1990 pop. 75,883), Howard co., central Md., between Washington, D.C., and Baltimore. HCA HCA, n.pr See acid, hydroxycitric. Healthcare System for $1,250,000; (d) $2.0 million for a provision for legal matters and (e) $433,110 for an extraordinary loss on early extinguishment The destruction or cancellation of a right, a power, a contract, or an estate. Extinguishment is sometimes confused with merger, though there is a clear distinction between them. of debt incurred in connection with the company's repayment of all outstanding indebtedness INDEBTEDNESS. The state, of being in debt, without regard to the ability or inability of the party to pay the same. See 1 Story, Eq. 343; 2 Hill. Ab. 421. 2. under its credit agreement with a commercial bank. CONTACT: Radiation Care Inc., Atlanta Randy The name Randy generally derives from the names Randall or Randolph (meaning wolf with a shield). Randy is used as a given name primarily in the US and Canada. Men known as Randy
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