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VisionCare Ophthalmic Technologies Secures Up To $15MM To Accelerate Growth Of Its Novel Treatment For Age-Related Macular Degeneration
Date:9/17/2013

positive developments in reimbursement and the enthusiastic reception for the technology from the ophthalmic physician community, VisionCare is well-positioned to accelerate growth.  We are pleased that LSAF recognizes the treatment's potential and is willing to put significant capital behind VisionCare's management team.  They understood our needs and were able to execute in a timely manner."

"We are excited to fund VisionCare and its revolutionary products.  Prior to this breakthrough telescope implant, these patients were essentially blind and severely restricted from doing even the most basic tasks," stated Rich Gumer, Chief Executive Officer of LSAF.  "Allen Hill and his team have done an excellent job getting regulatory approval and securing Medicare reimbursement.  As a leader in providing non-dilutive growth capital to medical device companies, LSAF is very pleased to help fund such a high caliber company and management team."

About VisionCare
VisionCare Ophthalmic Technologies, Inc., headquartered in Saratoga, CA, is a privately-held company focused on development, manufacturing, and marketing of implantable ophthalmic devices and technologies that are intended to significantly improve vision and quality of life for individuals with untreatable retinal disorders. VisionCare's Implantable Miniature Telescope was invented by company founders Yossi Gross and Isaac Lipshitz. Information on VisionCare can be found at www.visioncareinc.net.

About the Implantable Miniature Telescope and the CentraSight Treatment Program
The Implantable Miniature Telescope (by Dr. Isaac Lipshitz) is indicated to improve vision in patients greater than or equal to 75 years of age with stable severe to profound vi
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SOURCE VisionCare Ophthalmic Technologies, Inc.
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