Addendum to Administrative Services Agreement between New York Radiation Therapy Management Services, Inc. and Yonkers Radiation Medical Practice, P.C.

Summary

This addendum, effective January 1, 2007, updates the Administrative Services Agreement between New York Radiation Therapy Management Services, Inc. and Yonkers Radiation Medical Practice, P.C. It changes the monthly service fee from $583,150.00 to $476,483.33 and replaces the previous addendum from January 1, 2006. The parties agree that this fee reflects the fair market value of the services, and they will meet annually to review and adjust the fee as needed.

EX-10.19 2 dex1019.htm ADDENDUM Addendum

Exhibit 10.19

ADDENDUM TO ADMINISTRATIVE SERVICES AGREEMENT

This Addendum (the “Addendum”) is entered into as of January 1, 2007, by and among NEW YORK RADIATION THERAPY MANAGEMENT SERVICES, INC., a New York corporation (”MANAGEMENT SERVICES”) and YONKERS RADIATION MEDICAL PRACTICE, P.C., a New York professional corporation (the “PC”). This Addendum amends Section 3.1 of the Administrative Services Agreement dated January 1, 1999 between the parties (the “Agreement”) to adjust the monthly Service Fee of $583,150.00 paid in 2006 to a monthly Service Fee of $476,483.33, and replaces the Addendum of that same Section dated January 1, 2006. From and after the date hereof, Section 3.1 shall read as follows:

3.1. Service Fee. For the services to be provided hereunder by MANAGEMENT SERVICES, the PC shall pay to MANAGEMENT SERVICES a monthly Service Fee of $476,483.33. The parties agree that the Service Fee represents the fair market value of the services provided by MANAGEMENT SERVICES hereunder and that the parties shall meet annually to reevaluate the value of services provided by MANAGEMENT SERVICES and shall establish the fair market value thereof for purposes of this Section 3.1.

 

     Accepted:

 

NEW YORK RADIATION THERAPY

MANAGEMENT SERVICES, INC.

  By:    

/s/ David Koeninger

    David Koeninger
    Vice President and CFO

     Accepted:

 

YONKERS RADIATION MEDICAL

PRACTICE, P.C.

  By:    

/s/ Daniel E. Dosoretz, M.D.

    Daniel E. Dosoretz, M.D.
    President