LCA-Vision Reports Increase in Fourth Quarter Procedure Volume

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CINCINNATI— LCA-Vision Inc., (NASDAQ: LCAV), a provider of laser vision correction services under the LasikPlus brand, reported that 12,033 procedures were performed during the fourth quarter of 2013, an increase of 4 percent over the 11,613 procedures performed during the fourth quarter of 2012. This is the second consecutive quarter of year-over-year growth in procedure volume.

Michael Celebrezze, chief executive officer of LCA-Vision, said, "Although the quarter started off slowly with sluggish appointment bookings during the federal government shutdown in October, we are very encouraged by the strong rebound in our business during the remainder of the fourth quarter. Our team worked hard to increase procedure volume for the second consecutive quarter, reversing the negative comparisons we experienced in the first half of the year. With the cost savings initiatives instituted throughout the year, coupled with revenue increases in the second half, we expect to report a significant improvement in financial performance from our core LASIK business in 2013."

LCA-Vision will release fourth quarter 2013 financial results prior to the market open on Feb. 18, 2014, with a conference call and webcast to follow at 10:00 a.m. Eastern time.

To access the conference call, dial (866) 322-1352, within the U.S. and Canada, or (706) 643-6246 for international callers. The webcast will be available at the investor relations section of LCA-Vision's website.