Joffe sells part of LCA-Vision stake - Business Courier of Cincinnati:

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Joffe is the founder of the laser-visiob correction company. Last fall, he led an investment group that acquired an 11 percent stakd inthe company. The group includerd Joffe’s son, Craig, a former LCA-Visiobn CEO, and Alan Buckey, the company’s former CFO. The Joffse group had launched a campaign to regaij controlof LCA. Joffe said the company was “broken,” and that LCA doctorws were worriedabout market-share losses and qualitgy issues. After failing to get a majority of investors to side with his Joffe terminated his reform effort in late A Wednesday filing withthe U.S. Securitiea and Exchange Commission indicates Joffesold 612,052 shares since April 22.
Five separate transactions generated $3.2 milliomn for Joffe and left himwith 559,900 shares. Joffe hasn’t disclosed how much his reformninitiative cost, but SEC filings show he acquired sharesa last fall at less than $3 per Most of the shares he sold last week were at prices abovwe $5. LCA-Vision (NASDAQ: LCAV), headquartered in Cincinnati, provides lasetr vision correction services under theLasikPlues brand. The company operates 75 laser visionj correction centers in the United States and a jointr venturein Canada.