Bankrupt LASIK Provider’s Creditors Raise Antitrust Concerns

LVI Intermediate Holdings Inc.'s decision to cancel a bankruptcy auction and sell to a rival for $35 million kills competitive bidding and “presents potentially troubling antitrust concerns,” the LASIK eye surgery provider’s creditors said.

LVI, which operates as Vision Group Holdings, should not be authorized to move forward with the planned sale to the operator of LasikPlus, a committee of unsecured creditors said in a filing Tuesday with the U.S. Bankruptcy Court for the District of Delaware.

The committee urged the court to force LVI, based in West Palm Beach, Fla., to resume a Chapter 11 auction and entertain potentially ...