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LCA-Vision posts record revenues, earnings for second quarter

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CINCINNATI — LCA-Vision, operator of the LasikPlus vision centers, reported record revenues of $31.6 million for the second quarter, an increase of 56% from the previous year’s quarter, according to a financial earnings release. This marks the fourth consecutive quarter where revenues have increased by more than 50%, the company noted.

Procedure volume rose 47% to 24,093 from 16,432 in the second quarter of 2003. Revenue per procedure also increased, to $1,310 from $1,231 in the year-ago period. Centers opened more than 12 months saw revenues climb 39% during the quarter from the year-ago period, the LCA-Vision said.

LCA-Vision operates 41 laser vision correction centers, including 37 wholly owned LasikPlus vision centers, three joint ventures in Canada and one joint venture in Europe. The company expects to add 10 to 12 laser vision correction centers during 2005.