Finance

LCA-Vision completes share repurchase plan, announces new share plan, increases dividend

Published in Medical Device Law Weekly, December 31st, 2006

LCA-Vision, Inc., (LCAV), a leading provider of laser vision correction services under the LasikPlus brand, announced that it recently completed its existing share repurchase plan.

Under the plan, the company repurchased a total of 1,000,000 shares between May 17, 2005-November 21, 2006 for approximately $38.5 million at an average price per share of $38.52. In addition, the board of directors authorized a new share repurchase plan, and increased the quarterly dividend payment.

At a recent meeting, the board of directors approved a new share repurchase plan under which up to $50 million of LCA-Vision common shares may be repurchased. As of September...

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Source: Medical Device Law Weekly (2006-12-31)

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