Laser Vision Centers Inc. signs first RMSO agreement with large Minneapolis practice.ST. LOUIS, Mo.--(BW HealthWire)--Feb. 27, 1997--LASER VISION CENTERS, INC inc - /ink/ increment, i.e. increase by one. Especially used by assembly programmers, as many assembly languages have an "inc" mnemonic. Antonym: dec. . announced today that it had completed a Refractive refractive capacity to refract light. refractive error a difference between the focal length of the cornea and lens, and the length of the eye, resulting in myopia or hyperopia. Management Services Organization management services organization Physician practice management company Medical practice An organization contracted by a health care provider/supplier to furnish administrative, clerical, and claims processing functions of the provider/supplier's practice. (RMSO RMSO Regional Master Standing Offer RMSO Regimental Supply Office ) agreement with Lindstrom, Samuelson & Hardten Ophthalmology Associates, PA of Minneapolis, Minnesota, one of the leading refractive practices in the country. Under the agreement, LaserVision purchased the refractive surgery Refractive surgery A surgical procedure that corrects visual defects. Mentioned in: Photorefractive Keratectomy and Laser-Assisted In-Situ Keratomileusis refractive surgery assets of the Lindstrom, Samuelson & Hardten ophthalmology practice and entered into a management services agreement with the practice. The agreement is the Company's first contract under its newly established RMSO program, a program which is expected to help better position LaserVision for the anticipated entry of managed care into the refractive surgery market. The RMSO program is designed to provide superior surgical results and increase same practice sales. The Company said it now plans to begin the sales process of its initial target group of industry leaders. "Lindstrom, Samuelson and Hardten Ophthalmology Associates is one of the premiere refractive surgery practices in the world," LaserVision Chairman and 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. , John J. Klobnak said. "This new partnership will better enable us to increase refractive surgery revenues and will serve as a model for LaserVision's entire RMSO program." "Our practice is excited to partner with Laser Vision Centers," said Richard L. Lindstrom, MD, president of Lindstrom, Samuelson & Hardten. "Their experience in marketing and operating successful centers will help bring our refractive surgery practice much greater success." Laser Vision Centers, Inc. is the world's largest operator of excimer lasers with locations in the United States, Canada, the United Kingdom, Ireland, Sweden, Finland and Greece. The excimer laser is a device which allows eye surgeons 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 with an outpatient procedure which usually lasts less than one minute. Except for historical information, statements relating to the Company's plan, objectives and future performance are forward looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Such statements are based on management's current expectations. Because of various risks and uncertainties, actual strategies and results in future periods may differ materially from those currently expected. Additional discussion of factors affecting the Company's business is contained in the Company's most recent filings with the Securities and Exchange Commission. CONTACT: Laser Vision Centers Inc., St. Louis John Stiles, 314/434-6900 |
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