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LCA-Vision Reports Fourth Quarter Procedure Volume Up 4% Over Prior Year



1/3/2014 6:59:41 AM

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CINCINNATI, Jan. 3, 2014 /PRNewswire/ -- LCA-Vision Inc. (NASDAQ: LCAV), a leading provider of laser vision correction services under the LasikPlus® brand, today reported that 12,033 procedures were performed during the fourth quarter of 2013, an increase of 4% over the 11,613 procedures performed during the fourth quarter of 2012. This is the second consecutive quarter of year-over-year growth in procedure volume.

Michael Celebrezze, chief executive officer of LCA-Vision, said, "Although the quarter started off slowly with sluggish appointment bookings during the federal government shutdown in October, we are very encouraged by the strong rebound in our business during the remainder of the fourth quarter. Our team worked hard to increase procedure volume for the second consecutive quarter, reversing the negative comparisons we experienced in the first half of the year. With the cost savings initiatives instituted throughout the year, coupled with revenue increases in the second half, we expect to report a significant improvement in financial performance from our core LASIK business in 2013."

LCA-Vision will release fourth quarter 2013 financial results prior to the market open on Tuesday, February 18, 2014, with a conference call and webcast to follow at 10:00 a.m. Eastern time.

To access the conference call, dial 866-322-1352 (within the United States and Canada) or 706-643-6246 (international callers). The webcast will be available at the investor relations section of LCA-Vision's website. A replay of the call and webcast will begin approximately two hours after the live call has ended. To access the replay, dial 855-859-2056 (within the United States and Canada) or 404-537-3406 (international callers) and enter the conference ID number: 29984536.

About LCA-Vision Inc./LasikPlus®
LCA-Vision Inc., a leading provider of laser vision correction services under the LasikPlus® brand, operates 61 LasikPlus® vision centers in the United States: 52 full-service LasikPlus® fixed-site laser vision correction centers and nine pre- and post-operative LasikPlus® satellite centers. Since U.S. approval, more than 1.3 million laser vision correction procedures have been performed at the company's vision centers.

For Additional Information

Company Contact:

Investor Relations Contact:

Barb Kise, LCA-Vision

Kim Sutton Golodetz, LHA

513-792-9292

212-838-3777


kgolodetz@lhai.com


@LHA_IR_PR

SOURCE LCA-Vision Inc.



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