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Biotech / Medical : TLC-The Laser Center (NASDAQ: LZRC)
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To: HarveyO who wrote (36)4/8/1999 9:55:00 AM
From: HarveyO  Read Replies (1) of 96
 
Globe says TLC The Laser Center in joint U.S.venture

TLC The Laser Center Inc LZR
Shares issued 34,192,456 Apr 7 close $47.75
Thu 8 Apr 99 In the News
The Globe and Mail reports in its Thursday edition that TLC The Laser
Center Inc. is making its first entry into the huge health management
market in the United States through a joint venture with Kaiser
Permanente's national association of medical groups. The Toronto-based
leader in laser vision correction surgery said it has formed TLC USA LLC as
a nationwide venture to serve the needs of Kaiser's members and other
patients. The accord is part of TLC's strategy to sign up health management
organizations (HMOs), insurance companies and large corporate accounts as a
vehicle for expanding its laser procedures in the U.S. The company is
hiring a business development team of 40 people to expand the program in
the U.S. Kaiser Permanente is one of the largest health care organizations
in the U.S., with a membership that spans 17 states and the District of
Columbia. Claude Camire, an analyst with Groome Capital Inc. in Montreal,
said, "The accord with Kaiser represents an endorsement of TLC's technology
for vision correction."
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