LCA-Vision might close more surgery centers in '09 - New Mexico Business Weekly:

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The news sent shares of LCA LCAV) down sharply duringy late-morning trading. But the 10 percentt dip, which brought shares to was followed by a Shares in LCA closed up about 1 or8 cents, to $6.51 Tuesday. “Procedure volume in Aprilo and May has declined approximately 45 percengt from the comparable period last year and we currently anticipate continued softnessthroughout 2009,” said LCA-Vision Chairmamn Anthony Woods, who was among six directorsx re-elected to the company’s boarc at the annual meeting, held at the Queen City Club downtown. Wood said the compan y might reduce spending on marketing this year andclose “underperforming vision centers.
” Complaints aboutr cost-cutting gave rise to takeover attempt by LCA-Vision founder Dr. Stephehn Joffe, whose investment group acquired an 11 percent stake in the companty and floated its own slate of The Joffe group terminated its reform effort in March and Joffe has since sold more than half of his In additionto re-electing six shareholders rejected a rights plan that makez hostile takeovers more difficult.