The Briscoe Law Firm, PLLC, founded by a former state prosecutor and enforcement attorney for the United States Securities and Exchange Commission, and the securities litigation law firm of Powers Taylor LLP are investigating potential legal claims against the Board of Directors of NovaMed, Inc. (“NovaMed” or “NOVA”) (NASDAQ: NOVA) related to the proposed buyout of NovaMed by Surgery Center Holdings, Inc. (“Surgery Partners”). The investigation relates to the fairness of the proposed transaction to NovaMed shareholders, possible breaches of fiduciary duty and other violations of state law by the Board of Directors of NovaMed for approving this transaction, and whether NovaMed’s Board of Directors acted in the shareholders’ best interests.

The definitive buyout agreement involves a going private transaction valued at approximately $214 million, including the assumption of debt. The transaction is expected to close in the second quarter of 2011. Under the proposed buyout, NovaMed shareholders will receive a cash payment of only $13.25 for each share of NovaMed/NOVA common stock they hold. Although the acquisition price reportedly represents a 10.7% premium over NovaMed’s prior 30-day average closing price, NovaMed stock traded over $13.00 per share just days before the buyout announcement. “Because NovaMed shares traded at over $13 per share in the week prior to the acquisition announcement, and other factors, we feel that the price offered to NovaMed shareholders is unfair,” said shareholder rights attorney Willie Briscoe. In addition, at least one analyst has set a target price of $18.00 per share for NovaMed stock.

If you currently own shares of NovaMed/NOVA and would like additional information regarding this investigation, or if you have information regarding the allegations involved in this transaction, please contact Patrick Powers at Powers Taylor LLP, toll free (877) 728-9607, via e-mail at patrick@powerstaylor.com, or Willie Briscoe at The Briscoe Law Firm, PLLC toll free (877) 397-5991, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.

The Briscoe Law Firm is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters.

Powers Taylor LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.

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