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LCA-Vision Reports Record Procedures of 9,742 for 2Q 1999.

CINCINNATI--(BW HealthWire)--July 6, 1999--

-U.S. Wholly Owned Same-Center Volumes Increase 87% -

LCA-Vision Inc. (NASDAQ NM: LCAV), a leading U.S. based provider of laser vision correction services, today reported procedure volume for the three months ended June 30, 1999. The Company announced wholly owned same-center procedure volume increased 78% to 8,365 procedures, compared with 4,692 procedures for the comparable 1998 period. The Company's U.S. wholly owned same-center volume increased 87% to 8,012 procedures, compared with 4,291 procedures for the comparable 1998 period.

The Company's total procedure volume for the second quarter of 1999 increased 76% to 9,742 compared with 5,538 procedures for the comparable period in 1998.

"We are pleased to report that this our 11th consecutive quarter of record procedure growth. We expect as more and more consumers become aware of the laser vision correction arena and patient confidence in procedure outcomes increases, this market will continue to expand," commented Stephen N. Joffe, chairman and chief executive officer of LCA-Vision. "The Company recently completed a public offering that contributed over $37 million and we plan to use these proceeds to fuel our regional growth. LCA-Vision continues to build strong networks of leading doctors contributing to our solid industry reputation and increased brand awareness."

LCA-Vision operates laser vision correction centers in the U.S., Canada and Europe, which are supported by a network of over 2,200 ophthalmologists and optometrists. Since inception, approximately 70,000 laser vision correction procedures have been performed at the Company's centers.

Please see chart below for the quarterly and mid-year procedure comparisons: -0-

 LCA-Vision Inc. Same-Center Growth

 2Q1999 2Q1998(a) %Change 1Q1999 %Change
U.S. wholly owned procedures
 8,012 4,291 87% 7,326 9%
Total procedures 9,742 5,538 76% 9,064 8%

 Six months Six months
 ended ended
 6/30/99 6/30/98(b) % Change
U.S. wholly owned procedures
 15,338 7,639 101%
Total procedures 18,806 9,800 92%

(a)Please note: Q2 1998 figures exclude 188 procedures performed at centers subsequently closed.

(b)Also note: Figures for the 2nd half of 1998 exclude 387 procedures (procedures from both Q1 & Q2) performed at centers subsequently closed.

This release contains forward-looking statements that are subject to risks and uncertainties including, but not limited to, the impact of competition and pricing, procedure demand and marketplace acceptance, and unforeseen fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
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Publication:Business Wire
Geographic Code:1USA
Date:Jul 6, 1999
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