Joffe Group disbands, proxy fight with LCAV over

LCA-Vision (LCAV; Cincinnati) reported that, according to a March 26 filing with the Securities and Exchange Commission, the dissident Joffe Group said it has terminated its solicitation of written consents from LCAV stockholders and that the group has disbanded.

The Joffe Group stated that it has withdrawn its slate of board of director nominees for election at the company's 2009 annual meeting. As of March 26, other than its own votes, the group received votes totaling 6% of LCAV's outstanding shares, the company noted.

"We appreciate the support we received from our stockholders, surgeons, optometrists and staff during the consent solicitation process and are happy to put this matter behind us," said CEO Steven Straus. "We are now able to focus 100% of our attention on our business, working closely with our Medical Advisory Board, Optometric Advisory Board, surgeons, optometrists and all LCA-Vision / LasikPlus staff members to manage through challenging economic times and prepare for future success."

LCAV provides laser vision correction services under the LasikPlus brand, operates 75 LasikPlus fixed-site laser vision correction centers in 32 states and 57 markets in the U.S. and a joint venture in Canada.

Orthofix votes against removing board members

Orthofix International (Boston) reported the preliminary results of a special general meeting of shareholders in which the company's shareholders have voted against each proposal by a dissident shareholder to remove four incumbent members of the board.

"We are committed to further demonstrating operational and financial improvements as we have done over the past several months," said Orthofix president/CEO Alan Milinazzo. "We appreciate the time and energy our shareholders have given to this contest."

Orthofix International makes products for the spine, orthopedic, and sports medicine market sectors.

InfoLogix summit to address stimulus, EMRs

InfoLogix (Hatboro, Pennsylvania) reported that a group of hospital CEOs from across North America will convene in Philadelphia on April 23 and April 24 for a summit to address the implications of the economic stimulus funding in the American Recovery and Reinvestment Act of 2009 for the nation's healthcare system. In particular, the summit will focus on the strategic issues associated with deployment of electronic medical records (EMRs), a cornerstone of the stimulus package, as well as the operational and financial issues that healthcare organizations are facing. InfoLogix is a provider of EMR services.

No Comments