LCA-Vision U.S. Centers Report a 281% Gain in 1997 Procedure Volume With a Total of 11,268 Laser Eye Surgeries for the Year.CINCINNATI--(BUSINESS WIRE)--January 6, 1998-- Impact Of Word-Of-Mouth, Media Exposure Felt As Patient Acceptance Of New Vision Correction Treatment Continues To Gain Momentum LCA-Vision Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :LCAV LCAV Legal Community Against Violence (San Francisco, CA) LCAV Logistics Support Center Customer Asset Visibility ), the nation's largest operator of stand-alone laser eye surgery centers, today reported a total of 11,268 procedures were performed at its U.S. locations in 1997, or a 281 percent increase over the previous year. The firm's affiliated ophthalmologists performed 7,246 more eye surgeries in the U.S. to correct nearsightedness nearsightedness or myopia, defect of vision in which far objects appear blurred but near objects are seen clearly. Because the eyeball is too long or the refractive power of the eye's lens is too strong, the image is focused in front of the or astigmatism astigmatism (əstĭg`mətĭz'əm), type of faulty vision caused by a nonuniform curvature in the refractive surfaces—usually the cornea, less frequently the lens—of the eye. from January 1 through December 31, than they did in the previous 12-month period. Concurrently, LCA-Vision's U.S.-based centers also posted impressive year-to-year increases in "same store" patient volume, for the four quarters of 1997 compared to the previous year, registering gains of 337, 125, 104, and 74 percent, respectively. Commenting on the year's threefold-plus increase in procedure volume, LCA-Vision CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Dr. Stephen Joffe said: "Our strong l997 totals clearly demonstrate that patient acceptance of laser vision correction is growing rapidly and consistently. The momentum is there, reflecting the impact of very positive word-of-mouth from thousands of enthusiastic patients and continued favorable media exposure for a unique vision correction treatment that is fast, safe, non-invasive, and effective." He noted that close to 98 percent of LCA-Vision patients have been restored to 20/40 or better vision after treatment, enabling them to discard eye glasses and contact lenses Eye Glasses and Contact Lenses Definition Eyeglasses and contact lenses are devices that correct refractive errors in vision. Eyeglass lenses are mounted in frames worn on the face, sitting mostly on the ears and nose, so that the lenses are positioned . Another factor contributing to the steadily growing acceptance of laser vision correction in 1997, according to Dr. Joffe, was a significant rise in the number of patients selecting LASIK LASIK laser-assisted in-situ keratomileusis. LA·SIK n. Eye surgery in which the surface of the cornea is reshaped using a laser, performed to correct certain refractive disorders such as myopia. treatment, an advanced, state-of-the-art laser technique which virtually eliminates post-operative discomfort. Patients experience corrected vision almost immediately after the brief procedure is completed. The preferred treatment for more severe cases of myopia myopia: see nearsightedness. or nearsightedness, LASIK currently represents over 40 percent of the laser vision correction performed at LCA-Vision centers. Dr. Joffe also pointed out that the potential patient population for laser eye surgery expanded again in April of l997 when the FDA FDA abbr. Food and Drug Administration FDA, n.pr See Food and Drug Administration. FDA, n.pr the abbreviation for the Food and Drug Administration. approved the procedure for the treatment of astigmatism using the VISX laser. The FDA green light for treating farsightedness is also anticipated some time later this year. More than half the U.S. adult population, or as many as 150 million Americans, now require some kind of vision correction for either nearsightedness, astigmatism, or farsightedness. In addition to its 27 U.S.-based facilities, LCA-Vision operates laser vision correction centers in Toronto and Ft. Erie, Canada and Helsinki, Finland. Well over 20,000 successful procedures have now been performed at LCA-Vision facilities with more than 600 affiliated physicians and some 800 referring optometrists. LCA-Vision also manages laser, and minimally invasive, multi-specialty programs for major hospitals across the country. CONTACT: Dr. Stephen Joffe or Larry Rapp LCA-Vision Inc. (513) 792-9292 or Joel Pomerantz The Dilenschneider Group (212) 922-0900 |
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