NovaMed Offers to Purchase Outstanding 1% Convertible Senior Subordinated Notes Due 2012

NovaMed has announced a tender offer to repurchase any and all of its outstanding 1 percent convertible senior subordinated notes due 2012, according to an Enhanced Online News report.

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NovaMed is offering to purchase any and all of the $75 million aggregate principal amount of the notes outstanding, at par plus accrued and paid interest. Tender of the notes must be made prior to the expiration of the tender offer at 5:00 p.m. ET on June 14, 2011.

The offer began May 17, 2011. Upon the terms and subject to the conditions of the tender offer, NovaMed will pay $1,000 plus accrued and unpaid interest to, but not including, the repurchase date, for each $1,000 principal amount of notes validly tendered.

None of NovaMed, Surgery Center Holdings, their respective affiliates or their respective boards is making any recommendations to note holders about whether to tender or refrain for tendering their notes in the tender offer.

Read the Enhanced Online News report on NovaMed’s tender offer.

Related Articles on NovaMed:
NovaMed Completes Merger With Surgery Partners
NovaMed Anticipates May 2011 for Merger With Surgery Partners
The Ambulatory Surgery Center Industry: Evolution and Future

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