Company Profile For LCA Vision Inc

LCA-Vision Inc. is a provider of fixed-site laser vision correction services at its LasikPlus vision centers. The Company’s vision centers provide the staff, facilities, equipment and support services for performing laser vision correction procedures that employ laser technologies to help correct nearsightedness, farsightedness and astigmatism. The ophthalmologists perform the laser vision correction procedures in the Company’s vision centers, and either ophthalmologists or optometrists conduct pre-procedure evaluations and post-operative follow-ups in-center. As of December 31, 2008, the Company operated 75 LasikPlus fixed-site laser vision correction centers. It also has a joint venture in Canada. The Company provides primarily two types of procedures in its vision centers: Photorefractive Keratectomy (PRK) and Surface Ablation, and Laser-Assisted In-Situ Keratomileusis (LASIK).

BRIEF: For the nine months ended 30 September 2009, LCA-Vision Inc.'s revenues fell 37% to $107.2M. Net loss totaled $29.6M vs. an income of $1.6M. Revenues reflect a decline in appointment slow rates, conversion rates and lower patient activity. Net loss reflects presence of depreciation charges, impairment charges, higher restructuring charges, lower equity in earnings from unconsolidated businesses for the period.