NovaMed Acquires Ambulatory Surgery Center in Louisiana

CHICAGO — NovaMed, Inc. announced that it has acquired a 51 percent interest in the Interventional Pain Management Center, an ambulatory surgery center with four operating rooms located in Baton Rouge, La. This center currently performs pain management procedures exclusively but has the potential to add other specialties.

“In the last 12 months approximately 15,000 pain management procedures were performed at this surgery center generating approximately $6 million in net revenue,” commented Thomas S. Hall, NovaMed chairman, president and chief executive officer. “Interventional Pain Management Center is a state-of-the-art facility currently used by five doctors, four of whom will be our partners in this center. We look forward to working with our new partners to realize the center’s full growth potential,” added Hall.

NovaMed acquires, develops and operates ambulatory surgery centers in partnership with physicians. Including the transaction noted above, NovaMed now has majority ownership interests in 35 surgery centers located in 18 states. NovaMed’s executive offices are located in Chicago.