Addendum to Facility and Management Services Agreement between U.S. Cancer Care, Inc. and 21st Century Oncology of California

Summary

U.S. Cancer Care, Inc. and 21st Century Oncology of California have amended their Facility and Management Services Agreement, effective January 1, 2015. The addendum changes the management fee structure, specifying that U.S. Cancer Care will receive 77% of the net collected revenue from radiation therapy services provided by the Medical Group, after certain deductions. This adjustment clarifies how payments are calculated and what is included in net collected dollars.

EX-10.40 9 a2223865zex-10_40.htm EX-10.40

Exhibit 10.40

 

ADDENDUM TO FACILITY AND MANAGEMENT SERVICES AGREEMENT

 

This Addendum (the “Addendum”) is entered into effective as of January 1, 2015, by and between U.S. Cancer Care, Inc., a Delaware corporation (“Manager”) and 21st Century Oncology of California, a Medical Corporation (“Medical Group”). This Addendum amends Section 4(a) of the Facility and Management Services Agreement (the “Agreement”) dated October 18, 2013 between Manager and Medical Group to revise the Management Fee, as defined in the Agreement.

 

From and after the date hereof, Section 4(a) shall read as follows:

 

4(a). Manager shall be paid, and Manager shall accept as payment for all facilities, Equipment, supplies, personnel and services provided to Medical Group hereunder, an annual amount equal to seventy-seven percent (77%) of Net Collected Dollars (the “Management Fee”). For purposes of this Agreement, “Net Collected Dollars” shall mean the gross collections attributable to radiation therapy services provided by Medical Group at the Licensed Premises during the term of this Agreement, net of refunds, adjustments, overpayments and the billing fee due Financial Services of Southwest Florida, LLC by Medical Group pursuant to the Billing Services Agreement further described in Section 5(a) (the “Billing Services Fee”).

 

 

Accepted:

U.S. CANCER CARE, INC.

 

 

 

By:

/s/ JOSEPH BISCARDI

 

 

Joseph Biscardi

 

 

Assistant Treasurer

 

 

 

 

 

 

Accepted:

21ST CENTURY ONCOLOGY OF CALIFORNIA, A MEDICAL CORPORATION

 

 

 

By:

/s/ DANIEL E. DOSORETZ, M.D.

 

 

Daniel E. Dosoretz, M.D.

 

 

Vice President