Mohr Partners Signs Radiation Therapy as Portfolio Client
August 6th, 2013 | Press Releases
Mohr Partners Inc. announces the signing of a strategic advisory agreement with Radiation Therapy Services, Inc.
Radiation Therapy, headquartered in Fort Myers, Florida, is a leading provider of advanced radiation therapy and other Integrated Cancer Care services to cancer patients in the United States and Latin America. The company operates 131 treatment centers which includes 100 centers located in 15 U.S. states, strategically clustered in 28 local markets, and 31 centers located in six countries in Latin America.
Mohr Partners will work with Radiation Therapy to manage a global portfolio consisting of over 150 facilities throughout the United States and Latin America. Robert Mohr, Chairman of Mohr Partners, secured the agreement with Radiation Therapy and will serve as the account executive. The Mohr team worked with Frank English, Vice President and Treasurer of Radiation Therapy, during the negotiation process.
“We are pleased to announce Radiation Therapy as our newest portfolio client,” said Ted Fredericks, President of Mohr Partners. “The healthcare industry is a key practice group at Mohr Partners. We will utilize our expertise to implement cost savings and strategic planning throughout the company’s global network.”
“We are excited to announce our partnership with Radiation Therapy,” said Mr. Mohr. “Mohr Partners brings substantial expertise in representing clients in the healthcare industry and understands the key drivers of their business. We will work to streamline their global real estate portfolio by reducing occupancy costs and improving operational efficiencies as a ‘one source’ solution, centralizing site selection, portfolio management and lease administration as a single function.”
“Radiation Therapy chose Mohr Partners due to their partnership approach to our portfolio of real estate leases,” commented Frank English, Vice President and Treasurer of Radiation Therapy. “We believe that Mohr will greatly assist us in not only managing the cost of our real estate, but in doing so add tremendous value to our Integrated Cancer Care doctor partners, effectively taking much of the burden related to real estate lease management,” added Mr. English.
Radiation Therapy selected Mohr as its strategic advisor to manage the real estate portfolio through a consolidated and streamlined approach to account management. All corporate real estate activities will flow through a centralized function managed by Mohr. The services to be provided include portfolio account management, strategic advisory, lease administration, portfolio planning and consulting services.
About Radiation Therapy Services, Inc.
Radiation Therapy Services is a leading provider of advanced radiation therapy and other services to cancer patients in the United States and Latin America. The Company offers a comprehensive range of radiation treatment alternatives, focused on delivering academic quality, cost-effective patient care in a personal and convenient setting. In total, the Company operates 131 treatment centers, including 100 centers located in 15 U.S. states, strategically clustered in 28 local markets. The Company also operates 31 centers located in six countries in Latin America. The Company holds market leading positions in most of its domestic local markets and abroad. For more information, visit the company website at www.rtsx.com.