Officials from the company noted that procedure volume was down 45 percent in April and May compared to the same period last year. According to the report, LCA might reduce spending on marketing this year and close “underperforming vision centers.”
The news of the potential closures sent LCA stock down 10 percent to $5.89, but the stock recovered to $6.51, closing up by 1 percent.
Read the Business Courier’s report on the potential LCA-Vision center closures.
