Tuesday, August 23, 2011

LCA-Vision might close more surgery centers in '09 - Boston Business Journal:

http://www.efkoli.com/4/posts/3-Dating/6-M-W/
The news sent shares of LCA LCAV) down sharply during late-morning But the 10 percent dip, which brought shares to $5.89, was followex by a recovery. Sharese in LCA closed up about1 percent, or 8 to $6.51 Tuesday. “Procedure volume in April and May has declinesd approximately 45 percent from the comparables period last year and we currently anticipate continuecd softnessthroughout 2009,” said LCA-Vision Chairmah Anthony Woods, who was among six directore re-elected to the company’s board at the annual meeting, held at the Queen City Club downtown.
Wood said the company might reduce spendinvg on marketing this year andclose “underperforming vision Complaints about cost-cutting gave rise to takeove r attempt by LCA-Vision founder Dr. Stephen whose investment group acquired an 11 percengt stake in the company and floatede its own slateof directors. The Joffe group terminatee its reform effort in March and Joffe has since sold more than half of his In additionto re-electing six shareholders rejected a rights plan that makes hostil takeovers more difficult.

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