To All,
Well, it seems I wil have to eat "humble pie" as my original assumptions re:possible difficulty of LCA-Vision extending its credit line. As can be seen in the following news release (July 21) the credit line has been extended.
Also a later news release on July 23 shows LCA-Vision's acquisition of Summit Technology Vision Center for exchange of stock. So for better or worse, LCAV is still in its growth plans. And, with the pickup in volume in recent days, this warrants a "wait and see" on the future of the company. Consequently, those who hold this issue and have a long time investment horizon would be advised to hold their positions.
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LCA-Vision Extends Bank Line of Credit
CINCINNATI (July 21) BUSINESS WIRE -July 21, 1997--LCA-Vision, Inc.
(NASDAQ:LCAV), a leader in the fast-growing refractive laser eye
surgery sector, said today that it has re-negotiated its line of credit with the Fifth Third Bank in Cincinnati.
The agreement includes substantially the same terms and conditions as
the previous facility.
LCA-Vision currently operates 18 laser eye surgery centers in the U.S., Canada and Europe, and manages laser, and minimally invasive,
multi-specialty surgery programs in major hospitals around the nation.
--30--sm/ny*
CONTACT: Dr. Stephen N. Joffe, MD, FACS Joel Pomerantz
LCA-Vision, Inc. The Dilenschneider Group
(513) 792-9292 (212) 922-0900
KEYWORD: OHIO INDUSTRY KEYWORD: MEDICINE BANKING Today's News On The
Net - Business Wire's full file on the Internet
URL: businesswire.com
--END OF NEWS RELEASE--
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