LCA Vision to be acquired by PhotoMedex for $5.37/share

|By:, SA News Editor

LCA Vision (LCAV) agrees to be acquired by PhotoMedex (PHMD) for ~$106M, or $5.37/share, a 34% premium over LCAV's closing price yesterday.

PHMD expects the deal to be accretive to EPS in 2014, and says all 62 LasikPlus vision centers in the U.S. should remain intact.

LCAV +26.1% AH.