Equity Transfers provides acquisition consulting services for TLC Vision.
An example is the acquisition of the Rayner Eye Surgery Center, located in Oxford, Mississippi

Press Release Source: TLC Vision Corporation
TLC Vision Continues to Execute Delivery Platform & Diversification Strategy
Tuesday August 27, 1:46 pm ET

St. Louis --(Business Wire)--Aug. 27, 2004--TLC Vision Corporation (NASDAQ TSX:TLC), North America's premiere eye surgery services provider, today released details of the previously disclosed acquisition of a majority interest in the Rayner Eye Surgery Center located in Oxford, Mississippi by its subsidiary OR Partners (SM).

OR Partners was founded to develop, acquire and manage single specialty ophthalmic ambulatory surgery centers ("ASCs") in partnership with physician practices. These centers provide out-patient eye surgery services in a less institutional atmosphere than can be achieved in a hospital setting and appeal to doctors seeking alternative revenue sources, improved efficiencies and financial partners. While the Company's doctor partners focus on providing high levels of quality patient care, OR Partners manages the clinical services, marketing, administration, business operations, licensing and certification, facility accreditation and financial reporting of the surgery center.

"The OR Partners offering strongly complements our refractive and mobile cataract businesses, both the leaders in their respect market segments. We are very excited about the launch of this ASC business and encouraged by the positive reception to our strategy and business model that we continue to receive from eye doctors across the country," commented Elias Vamvakas, TLC Vision's Chairman and CEO.

Led by James Rayner, MD, one of the highest volume and most experienced cataract surgeons in the United States, the Rayner Eye Surgery Center houses two state-of-the-art out-patient surgery suites and is supported by an extensive network of optometrists practicing throughout Northern Mississippi.

Dr. Rayner said, "I am very excited about being associated with OR Partners, a division of the premiere eye surgery services provider in the United States. They're well capitalized, managed by a team of experienced professionals and committed to achieve results. Most importantly from a physician's perspective, OR Partners understands that patients are the number one priority in my practice."

We expect to acquire or develop a number of similar centers in association with some of the country's most prominent ophthalmic surgeons over the next twelve months, all of which will immediately contribute to TLC Vision's cash flow and profitability," commented Steve Straus, OR Partners' Vice President and General Manager.

About TLC Vision

TLC Vision Corporation is North America's premier eye surgery company. TLC Vision enjoys a number of valuable assets including an affiliated network of more than 12,500 optometrists and 1,000 ophthalmic surgeons, access to some of the newest clinical technologies, proven patient education and marketing programs, state-of-the art information systems, a strong operations management culture and a number of well established corporate brands. The Company's common shares trade on the NASDAQ National Market under the symbol 'TLCV' and on the Toronto Stock Exchange under the symbol 'TLC'. Visit TLC Vision's web site at.

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 TLC Vision'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. TLC Vision assumes no obligation to update the information contained in this press release.

Contact:

TLC Vision Corporation
Stephen Kilmer, 905/602-2020 ext. 3904

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