-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BWbgt1FhnbRf9Zj1DbneRDk8Qdhpmmwr6r4+4/478Phpf09zCgkwYj/frllUV5cy 3b+yyjbklThgRc5yEApjCg== 0000906318-02-000002.txt : 20020413 0000906318-02-000002.hdr.sgml : 20020413 ACCESSION NUMBER: 0000906318-02-000002 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020109 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20020111 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LCA VISION INC CENTRAL INDEX KEY: 0001003130 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 112882328 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-27610 FILM NUMBER: 2507407 BUSINESS ADDRESS: STREET 1: 7840 MONTGOMERY RD CITY: CINCINNATI STATE: OH ZIP: 45236 BUSINESS PHONE: 5137929292 MAIL ADDRESS: STREET 1: 7840 MONTGOMERY ROAD CITY: CINCINNATI STATE: OH ZIP: 45236 8-K 1 lca8k4qp.htm LCA-VISION INC. FORM 8-K

SECURITIES AND EXCHANGE COMMISSION





Washington, D.C. 20549





FORM 8-K





CURRENT REPORT





Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934







Date of Report: January 9, 2002

(Date of earliest event reported)





LCA-Vision Inc.

(Exact name of Registrant as specified in its Charter)









Delaware

(State or other jurisdiction of incorporation)

0-27610

(Commission File No.)

11-2882328

(IRS Employer Identification Number)









7840 Montgomery Road, Cincinnati, Ohio 45236
(Address of principal executive offices) (Zip Code)




Registrant's telephone number, including area code: (513) 792-9292





N/A

(Former name or former address, if changed since last report)



Item 5. Other Events



LCA-Vision Inc. issued a press release reporting that 10,684 procedures were performed in the Company's wholly owned centers for the three months ended December 31, 2001.



Item 7. Financial Statements and Exhibits



(a) Exhibits



99.1 Press Release dated January 9, 2002



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.





LCA-VISION INC.
Date: January 11, 2002 By: /s/Alan H. Buckey

Alan H. Buckey

Executive Vice President,

Chief Financial Officer and

Treasurer





Exhibit 99.1





Company Contacts: Investor Relations Contacts:
LCA-Vision, Inc. Lippert/Heilshorn & Associates, Inc.
Stephen N. Joffe, Chairman Bruce Voss (bvoss@lhai.com)
Alan H. Buckey, CFO (310) 691-7100
(513) 792-9292 Kim Sutton Golodetz (kgolodetz@lhai.com)
www.lasikplus.com (212) 838-3777
www.lhai.com


FOR IMMEDIATE RELEASE



LCA-VISION REPORTS FOURTH QUARTER PROCEDURE VOLUME



Average Procedure Price Increases to $1,024



CINCINNATI (January 9, 2002) - LCA-Vision Inc. (NASDAQ NM: LCAV), the leading provider of value-priced laser vision correction services across the U.S., reported today that 10,684 procedures were performed in the Company's wholly owned centers for the three months ended December 31, 2001, compared with 13,340 procedures in the third quarter of 2001, and 16,411 performed during the comparable period a year ago.



"The Company's procedure volume decreases reflect the continued weakness of the U.S. economy, which has increased the reluctance by many Americans to pursue elective surgery," commented Stephen Joffe, Chairman of LCA-Vision. "LCA Vision has taken steps to overcome that reluctance, including adjusting our marketing message and providing more favorable third-party financing options. As a result of these steps, we expect first quarter 2001 procedure volumes to increase, helped by seasonal trends. I remain confident that we will progress in gaining market share and returning to profitability, despite the current adverse economic conditions."



The average price per procedure has continued its upward trend, increasing to $1,024 in the fourth quarter of 2001, compared with $996 in the third quarter of 2001, and $877 during the comparable period a year ago.



During the fourth quarter of 2001, LCA Vision formed a joint venture with a privately-held laser vision correction center in Toronto, Canada. Each partner contributed the assets of their existing Toronto center to a new entity, which has equal ownership of the two centers. The joint venture is expected to provide operational efficiencies in the Canadian market.



LCA-Vision owns and operates 31 LasikPlus laser vision correction facilities in the U.S., plus two centers in Canada and a joint venture in Europe.



For additional information, please visit the Company's Website at at www.LasikPlus.com.





This news release contains forward-looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition, pricing, procedure demand, marketplace acceptance, patient outcomes, different healing results, unforeseen fluctuations in operating results, general economic conditions, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.



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