| Business Summary | | VisionAmerica,
Inc.
is
an
eye
care
company
that
provides
facilities
and
services
to
ophthalmologists
and
optometrists
integrating
primary,
medical
and
surgical
eye
care.
VisionAmerica
manages
22
affiliated
practices
at
which
45
affiliated
ophthalmologists
provide
medical
and
surgical
eye
care
at
the
Company's
Centers,
which
include
118
service
locations
and
eight
ambulatory
surgery
centers
(ASCs).
The
Company
generates
revenues
from
professional
fees
from
affiliated
practices
and
facility
fees
for
services
provided
at
the
Company's
ASCs
and
laser
facilities
and
the
provision
of
mobile
surgical
and
other
supplies
and
services
to
eye
care
providers.
In
March
2001,
the
Company
and
23
of
of
its
direct
and
indirect
subsidiaries
filed
voluntary
petitions
under
Chapter
11
of
Title
11
of
the
United
States
Code
in
the
United
States
Bankruptcy
Court
for
the
Western
District
of
Tennessee,
Western
Division. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | VisionAmerica,
Inc.
is
an
eye
care
company
that
provides
facilities
and
services
to
ophthalmologists
and
optometrists
to
assist
in
the
integration
of
primary,
medical
and
surgical
eye
care.
For
the
six
months
ended
6/30/00,
total
revenues
rose
3%
to
$30.2
million.
Net
loss
from
continuing
operations
totaled
$5.6
million
vs.
an
income
of
$1.1
million.
Results
reflect
an
increase
in
refractive
surgery
volume,
offset
by
higher
information
systems
and
impairment
costs. | More
from
Market Guide: Significant
Developments |
| Officers | | | FY1999 Pay | |
| Andrew Miller, 55 Chairman | -- | Angus Douglass CEO,
Director | -- | Barry Reifler CFO,
Director | -- | Ghassan Barazi, 36 COO,
Director | -- | Allen Leck, 52 Sr.
VP - Value Added Services | $280K | Dollar amounts are as of 31-Dec-1999 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|