Navigation Links
The LCA-Vision Full Value Committee Commences Consent Solicitation to Elect New Board of Directors at LCA-Vision (Nasdaq: LCAV) and Sends Letter to Stockholders
Date:2/9/2009

t the record straight. Under CEO Steve Straus and the current Board:

    -- LCA-Vision has lost about a third, or 5 percentage points, of its U.S.
       market share, despite opening 19 vision centers.  It's not just the
       economy - it's the Board and management.
    -- Procedure volume plummeted by over 50% for the first nine months of
       2008 over the same period in 2007.  Compare that to a more modest 35%
       decline for the laser vision correction industry as a whole.  It's not
       just the economy - it's the Board and management.
    -- The Company has gone from generating over $65 million in adjusted
       EBITDA in 2006 to losing over $12 million in just the third and fourth
       quarters of 2008. It's not just the economy - it's the Board and
       management.
    -- Stockholders' dividends have been eliminated, stock buybacks suspended,
       and new vision center expansion halted.  It's not just the economy -
       it's the Board and management.
    -- Confidence in management by the Company's affiliated surgeons, the very
       bedrock of the Company's success, is at an all-time low.  It's not just
       the economy - it's the Board and management.

      THIS BOARD HAS FAILED AT THE MOST BASIC LEVEL.  IT HAS FAILED TO:

    -- Install an effective management team and demand accountability;
    -- Control spending as revenues sink;
    -- Align management and Board compensation with the Company's failing
       performance;
    -- Develop and clearly communicate an effective strategic plan, preferring
       instead their "ongoing strategic planning process" that is clearly not
       working; and
    -- Recognize and deal directly with the Company affiliated surgeons'
       public, overwhelming lack of confidence in the current CEO.

    They have had over two years to get it right. They haven't.

              IT IS TIME FOR A CHANGE - OUR PLAN FOR LCA-VISION

Our pl
'/>"/>

SOURCE LCA-Vision Full Value Committee
Copyright©2009 PR Newswire.
All rights reserved

Page: 1 2 3 4 5 6 7 8 9 10 11 12

Related medicine news :

1. Law Offices of Howard G. Smith Announces Class Action Lawsuit Against LCA-Vision Inc.
2. LCA-Vision Announces Upcoming Investment Community Events
3. LCA-Vision Reports Fourth Quarter and Full-Year 2007 Financial Results
4. LCA-Vision Announces Quarterly Dividend Payment
5. LCA-Vision Announces the Opening of its 74th LasikPlus Vision Center in Des Moines, Iowa
6. LCA-Vision Announces the Opening of its 75th LasikPlus(R) Vision Center in Tulsa, Oklahoma
7. LCA-Vision Announces the Opening of its 76th LasikPlus(R) Vision Center in Woodbridge, New Jersey
8. LCA-Vision to Present at the Bank of America 2008 Health Care Conference
9. LCA-Vision Conducts 2008 Annual Stockholder Meeting
10. LCA-Vision Announces Upcoming Investment Community Events
11. LCA-Vision Announces CFO Change
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/5/2015)... ... August 05, 2015 , ... Kill Cliff Inc., the makers of the nation’s leading ... cold brew coffees in a can. The new cold brew is smooth, rich and ready ... it’s a naturally full-bodied cold brew coffee that doesn’t need milk and sugar to taste ...
(Date:8/5/2015)... ... August 05, 2015 , ... ... making the world’s thickest and strongest tent for those with height restrictions. Gorilla ... using the finest materials in the tent construction, attention to detail and overall ...
(Date:8/5/2015)... ... August 05, 2015 , ... ... balance line. With larger-than-average weighing pans, ML-T balances give operators the room they ... footprint, this extra real estate makes ML-T balances a perfect choice for day-to-day ...
(Date:8/5/2015)... ... August 05, 2015 , ... What language does a ... and unique “dictionary” of American idioms and other expressions that contain the name of ... and entertaining. This book contains about 2,000 such idioms, words, and expressions, for example, ...
(Date:8/5/2015)... ... August 05, 2015 , ... A leader in Primary Care Continuing Medical Education ... has hired Su Barnwell as its new Director of Program Management. , Su has ... 2015 she worked for Primary Care Network (PCN) as the Director, Program Implementation as ...
Breaking Medicine News(10 mins):Health News:Kill Cliff® Releases Epic New Product Line – Coffeehouse Quality Cold Brew Coffee in a Can 2Health News:Best Grow Tent and Indoor Greenhouse Brand Gorilla Grow Tent Launches New Shorty Line 2Health News:METTLER TOLEDO Launches Compact ML-T Balances: Larger Pan Offers Greater Weighing Flexibility in Tight Spaces 2Health News:METTLER TOLEDO Launches Compact ML-T Balances: Larger Pan Offers Greater Weighing Flexibility in Tight Spaces 3Health News:Harvard Medical Professor Dr. Per-Olof Hasselgren Pens Unique Book Using Body Part Idioms 2Health News:Leading Continuing Medical Education (CME) Provider, Continuing Education Company (CEC), hires expert Su Barnwell as Director of Program Management 2Health News:Leading Continuing Medical Education (CME) Provider, Continuing Education Company (CEC), hires expert Su Barnwell as Director of Program Management 3
... Call on October 30 - - Presentation at Oppenheimer,s 19th Annual Healthcare Conference on ... November ... ... SAN DIEGO, Oct. 13 Gen-Probe Incorporated,(Nasdaq: GPRO ) announced today that the ...
... on women, study found , , MONDAY, Oct. 13 (HealthDay News) ... shrinks, a new study has found. , "The take-home ... to hurt your brain," said Rajesh Miranda, an associate professor ... Science Center College of Medicine. "This is something we knew, ...
... Build and Maintain a Healthy Spine, PLANO, Texas, ... spine health, Texas Back Institute shares "Nine for Your ... National Spine Health,Day, October 16, 2008., National Spine ... about exercise as the most effective means of reducing ...
... The National Coalition for,Quality Colorectal Cancer Screening and ... Study published September 18 in the New,England Journal ... and,patients need to recognize that CT Colonography is ... patients that Colonoscopy,remains the "Gold Standard" for colorectal ...
... During the Pri-Med New York,conference at the Jacob ... 20-question quiz prepared by MTBC, the innovative healthcare ... basic knowledge of medical,billing, claims submission, reimbursement, EMR ... a handful scored less than 50%. The average ...
... of Late-Stage Patients Earning Under $40,000 Annually Say They ... Have Chosen Not to Undergo Recommended Care, ... Reuters today announced the publication of a new research report,which ... of,individuals., Entitled "The Cost of Cancer," the report aggregates ...
Cached Medicine News:Health News:Gen-Probe Announces Webcasts of Three Upcoming Investor Events 2Health News:Gen-Probe Announces Webcasts of Three Upcoming Investor Events 3Health News:Excess Drinking Shrinks the Brain 2Health News:Texas Back Institute Announces 'Nine for Your Spine' for National Spine Health Day - October 16 2Health News:Texas Back Institute Announces 'Nine for Your Spine' for National Spine Health Day - October 16 3Health News:National Coalition for Quality Colorectal Cancer Screening and Care Conveys Concerns over CT Colonography 2Health News:National Coalition for Quality Colorectal Cancer Screening and Care Conveys Concerns over CT Colonography 3Health News:MTBC Practice Management Quiz Sends Message to Doctors: There is Real Room for Improvement or a Need to Outsource 2Health News:Thomson Reuters Survey Finds Cancer Patients Forgoing Treatment Because of Cost 2
(Date:8/5/2015)...   Payor Logic , a technology and service ... billing companies, today announced Puckett EMS , a ... successful pilot and has contracted with Payor Logic for ... announcement was made at the Pinnacle 2015 ... co-founder, Payor Logic. "We decided to implement ...
(Date:8/5/2015)... Texas , Aug. 5, 2015  Luminex Corporation ... present at the 2015 Wedbush PacGrow Healthcare Conference to ... New York City , NY. ... time on Tuesday, August 11, 2015.  The presentation will ... website at http://www.luminexcorp.com . Simply log on to the ...
(Date:8/5/2015)... 2015  Abaxis, Inc. (NasdaqGS: ABAX ), a ... to the medical, research and veterinary markets, announced today ... officer, will present at the Canaccord Genuity 35 th ... at 1:00 p.m. ET. The conference will be held ... Abaxis, Inc. is a worldwide ...
Breaking Medicine Technology:Payor Logic Drives More Revenue for Puckett EMS 2Payor Logic Drives More Revenue for Puckett EMS 3Luminex Corporation To Present At The 2015 Wedbush PacGrow Healthcare Conference 2
Desmarrres Lid Retractor, round serrated handle, polished finish, overall length 130 mm....
Desmarres Lid Retractor thin solid blades. Size 2....
... AMO Prestige System marked an amazing ... of safety with high-performance fluidics.A.S.E.T. keeps ... conditions in the in the anterior ... the reaction and interaction of the ...
Highly versatile, efficient, compact and accurate digital readout display....
Medicine Products: