EX-99.1
2
exhibit1.htm
EX-99.1
EX-99.1
News Release
Contact:
For Immediate Release
Anna Austin
Vice President, Corporate Communications
(314) 523-8354
investor.relations@tlcvision.com
TLC
Vision
Partners With Doctors
In Leading Houston Ambulatory Surgery Center
St. Louis, MO, December 20, 2004
- TLC Vision Corporation (NASDAQ:TLCV; TSX:TLC), North
America's premier eye care services company, announced today it's subsidiary, OR Partners, has
become the single largest shareholder in Summit Ambulatory Surgery Center, a 12-partner facility
located in Houston, Texas.
This is the fifth ambulatory surgery center ("ASC") OR Partners and TLC
Vision
have acquired in the
last 16 months, with several ASC deals in development. OR Partners acquires, develops, and manages
ambulatory surgery centers in partnership with physicians. These centers provide out-patient
surgery services in a less institutional atmosphere than can be achieved in a hospital setting and
appeal to doctors seeking improved efficiencies and the highest degree in patient satisfaction.
Led by John J. Garrrett, MD, a cataract surgeon with more than 30 years experience, the Summit
Ambulatory Surgery Center is a highly successful facility featuring two operating rooms and
performing nearly 5000 ophthalmic and pain management procedures annually. Dr. Garrett said, "OR
Partners is well capitalized, managed by a team of experienced professionals and committed to
achieve results. Most importantly, from a physician's perspective, they understand that patients
are the number one priority. I am very excited about being associated with OR Partners, improving
operational efficiencies and growing the center".
Mary T. Green, MD, one of 12 partners in Summit Ambulatory Surgery Center, has also worked with the
laser refractive division of TLC
Vision
for 3 years. Dr. Green said, "I know the quality of service
this company provides and the commitment to their doctor customers. When I heard about the OR
Partners subsidiary, and the great work they were doing in ASCs, it just made sense to continue the
relationships already built with TLC
Vision
."
"Through our current network of over 1100 ophthalmologists, we will continue to acquire or develop
similar centers in association with some of the country's most prominent surgeons", commented Jim
Wachtman, TLC
Vision
's CEO. "This approach will broaden our eye care services strategy and be
immediately accretive to TLC
Vision'
s cash flow and profitability".
About TLC
Vision
TLC
Vision
is North America's premier eye care services company. The key drivers of TLC
Vision
's
strategy are our affiliated network of thousands of eye doctors, proven corporate and consumer
marketing and education programs, and access to state of the art clinical technologies. We are
supported by a strong operations management culture and superior information technology. More
information about the company can be found on the TLC
Vision
web site at www.tlcv.com.
Forward Looking Statements
This press release contains certain forward-looking statements within the meaning of Section 27A of
the U.S. Securities Act of 1933 and Section 21E of the U.S. Securities Exchange Act of 1934, which
statements can be identified by the use of forward looking terminology, such as "may", "will",
"expect", "intend", "anticipate", "estimate", "predict", "plans" or "continue" or the negative
thereof or other variations thereon or comparable terminology referring to future events or
results. The Company's actual results could differ materially from those anticipated in these
forward-looking statements as a result of numerous factors, including the timing of expenditures,
effects of competition, changes to pricing, acquisitions and expansion opportunities, any of which
could cause actual results to vary materially from current results or TLCVision's anticipated
future results. See the Company's reports filed with the Canadian Securities Regulators and the
U.S. Securities and Exchange Commission from time to time for cautionary statements identifying
important factors with respect to such forward looking statements, including certain risks and
uncertainties, that could cause actual results to differ materially from results referred to in
forward looking statements. TLCVision assumes no obligation to update the information contained in
this press release.
-30-

EX - 99 . 1 2 exhibit1 . htm EX - 99 . 1 EX - 99 . 1 News Release Contact : For Immediate Release Anna Austin Vice President , Corporate Communications ( 314 ) 523 - 8354 investor.relations@tlcvision.com TLC Vision Partners With Doctors In Leading Houston Ambulatory Surgery Center St . Louis , MO , December 20 , 2004 - TLC Vision Corporation ( NASDAQ : TLCV ; TSX : TLC ) , North America 's premier eye care services company , announced today it ' s subsidiary , OR Partners , has become the single largest shareholder in Summit Ambulatory Surgery Center , a 12 - partner facility located in Houston , Texas . This is the fifth ambulatory surgery center ( " ASC " ) OR Partners and TLC Vision have acquired in the last 16 months , with several ASC deals in development . OR Partners acquires , develops , and manages ambulatory surgery centers in partnership with physicians . These centers provide out - patient surgery services in a less institutional atmosphere than can be achieved in a hospital setting and appeal to doctors seeking improved efficiencies and the highest degree in patient satisfaction . Led by John J. Garrrett , MD , a cataract surgeon with more than 30 years experience , the Summit Ambulatory Surgery Center is a highly successful facility featuring two operating rooms and performing nearly 5000 ophthalmic and pain management procedures annually . Dr . Garrett said , " OR Partners is well capitalized , managed by a team of experienced professionals and committed to achieve results . Most importantly , from a physician 's perspective , they understand that patients are the number one priority . I am very excited about being associated with OR Partners , improving operational efficiencies and growing the center " . Mary T . Green , MD , one of 12 partners in Summit Ambulatory Surgery Center , has also worked with the laser refractive division of TLC Vision for 3 years . Dr . Green said , " I know the quality of service this company provides and the commitment to their doctor customers . When I heard about the OR Partners subsidiary , and the great work they were doing in ASCs , it just made sense to continue the relationships already built with TLC Vision . " " Through our current network of over 1100 ophthalmologists , we will continue to acquire or develop similar centers in association with some of the country 's most prominent surgeons " , commented Jim Wachtman , TLC Vision 's CEO . " This approach will broaden our eye care services strategy and be immediately accretive to TLC Vision ' s cash flow and profitability " . About TLC Vision TLC Vision is North America 's premier eye care services company . The key drivers of TLC Vision 's strategy are our affiliated network of thousands of eye doctors , proven corporate and consumer marketing and education programs , and access to state of the art clinical technologies . We are supported by a strong operations management culture and superior information technology . More information about the company can be found on the TLC Vision web site at www.tlcv.com . Forward Looking Statements This press release contains certain forward - looking statements within the meaning of Section 27A of the U . S . Securities Act of 1933 and Section 21E of the U . S . Securities Exchange Act of 1934 , which statements can be identified by the use of forward looking terminology , such as " may " , " will " , " expect " , " intend " , " anticipate " , " estimate " , " predict " , " plans " or " continue " or the negative thereof or other variations thereon or comparable terminology referring to future events or results . The Company 's actual results could differ materially from those anticipated in these forward - looking statements as a result of numerous factors , including the timing of expenditures , effects of competition , changes to pricing , acquisitions and expansion opportunities , any of which could cause actual results to vary materially from current results or TLCVision ' s anticipated future results . See the Company 's reports filed with the Canadian Securities Regulators and the U . S . Securities and Exchange Commission from time to time for cautionary statements identifying important factors with respect to such forward looking statements , including certain risks and uncertainties , that could cause actual results to differ materially from results referred to in forward looking statements . TLCVision assumes no obligation to update the information contained in this press release . - 30 -
O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O B-Parties.BUYING_COMPANY I-Parties.BUYING_COMPANY O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O O