The agreement would merge Wildcat Merger Sub, a wholly-owned subsidiary of Surgery Partners, with and into NovaMed, with NovaMed surviving the merger as a wholly-owned subsidiary of Surgery Centers. Completion of the merger is subject to approval of the merger agreement by holders of a majority of the outstanding shares of NovaMed’s common stock.
If approved, the merger is expected to be completed as promptly as possible on May 4, 2011, following the conclusion of the special meeting.
Read the Sun Herald report on the merger between NovaMed and Surgery Partners.
Read more on NovaMed:
–NovaMed to Be Acquired by Surgery Partners, Go Private
–10 Companies for Hospitals and ASCs to Know
–NovaMed Beats Estimates, Total Net Revenue Increases
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.