SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
July 12, 1999
LCA-Vision Inc.
(Exact name of Registrant as specified in its Charter)
Delaware 0-27610 11-2882328
(State or other (Commission (IRS Employer
jurisdiction File No.) Identification Number)
of incorporation)
7840 Montgomery Road, Cincinnati, Ohio 45236
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (513)792-9292
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On July 12, 1999 LCA-Vision issued the attached press release
announcing that LCA-Vision and Cole National have entered into an
arrangement to make laser vision correction available to 50
million members of Cole Managed Vision through a national network
of laser vision correction providers to be established by LCA-
Vision.
Item 7. Financial Statements and Exhibits
(a) Exhibits
99.1 Press Release dated July 12, 1999
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
LCA-VISION INC.
Date: July 13, 1999 By:/s/Larry P. Rapp
-----------------------------
Larry P. Rapp,
Chief Financial Officer
<PAGE>
LCA-VISION CONTACTS REPRESENTING LCA-VISION
LCA-Vision Inc. Lippert/Heilshorn & Associates, Inc.
Stephen N. Joffe, Chairman & Bruce Voss ([email protected])
CEO (310) 575-4848
Larry P. Rapp, VP-Finance & Ruth Abeshaus ([email protected])
CFO (212) 838-3777
(513) 792-9292
COLE NATIONAL AND COLE MANAGED VISION CONTACT
Cole National Corporation
Joseph Gaglioti
(440) 449-4100
For Immediate Release
LCA-VISION AND COLE NATIONAL TO MAKE AVAILABLE LASER VISION
CORRECTION TO 50 MILLION MEMBERS OF COLE MANAGED VISION
CINCINNATI and CLEVELAND (July 12, 1999) - LCA-Vision Inc. (NASDAQ
NM: LCAV), a leading provider of laser vision correction services,
and Cole National Corporation (NYSE: CNJ), a leading vision care
retailer and managed vision care provider, today announced that
LCA-Vision has entered into an arrangement with Cole Managed
Vision, a division of Cole National Corporation, to provide access
to laser vision correction to Cole Managed Vision members
nationwide. This is the first time that laser vision correction
is being offered through a managed care organization on a
nationwide basis. More than 50 million people are enrolled in
Cole Managed Vision's programs.
Under the terms of the arrangement, LCA-Vision will establish The
National LASIK Network (NLN), a nationwide network of laser vision
correction providers, which will include LCA-Vision's U.S.
centers, as well as individual surgeons and other laser vision
correction centers. Cole Managed Vision will market the
opportunity to new and existing plan sponsors and to their members
or employees.
According to Stephen Joffe, Chairman and Chief Executive Officer
of LCA-Vision, "We are pleased to be associated with Cole Managed
Vision, and look forward to expanding LCA-Vision's reach through
establishing relationships with the highest-quality practitioners
across the country."
Commenting on today's announcement, Dennis Osgood, President of
Cole Managed Vision, stated, "We are delighted to offer this
popular laser vision correction procedure to our large and growing
membership base."
- more -
Beginning January 1, 2000, LASIK vision correction surgery will be
offered by LCA-Vision to Cole Managed Vision members whose
sponsors have indicated an interest. LASIK (laser in-situ
keratomileusis) has become the preferred method of laser vision
correction in the U.S. In addition, LCA-Vision patients will be
eligible to participate in LCA-Vision's Continuum of Care program
following completion of this surgery. This program is designed to
achieve the level of vision correction agreed to by the patient
and the ophthalmologist.
About LCA-Vision
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.
About Cole National Corporation
Cole National is a leading vision care retailer in the U.S., with
2,800 retail locations principally under the Pearle Vision, Sears
Optical, Target Optical and B.J.'s Optical names. Cole also owns
and operates 818 Things Remembered gift stores.
Cole Managed Vision is a leading provider of managed vision care
programs and develops, markets and administers group vision care
benefit programs nationwide.
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
Companys' filings with the Securities and Exchange Commission.
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