NovaMed picks 65% stake in Physicians Surgical Centre

NovaMed, Inc. has acquired a 65% interest in Physicians Surgical Center located in Lebanon, Pennsylvania.

Physicians Surgical Center has three operating rooms and one procedure room and currently performs orthopedic, ENT, ophthalmology, pain management, gastroenterology, urology and general surgery procedures.

In the last one year, approximately 9,000 procedures were performed at this surgery center generating approximately $8 million in net revenue.

According to an official release, NovaMed acquires, develops and operates ambulatory surgery centers in partnership with physicians.

Including the transaction noted above, NovaMed now has majority ownership interests in 36 surgery centers located in 19 states.

Latest News

Father Shoots Girl’s Laptop, Posts Video on Youtube
Apple Begins Inspection
Researchers Blame Technological Advancements For Kids’ Poor Sleeping Pattern
The Google Motorola Deal Approved By US and EU
Replace Sugary Drinks with Water to Lose Weight
NASA Scientists Develop New Space Testbed
Scientists Expecting Life at Icy Dark and Cold Regions
Mysteries Behind Milky Way Galaxy To Be Unveiled
Scientific Equation behind the Shape of Ponytail Unveiled
Cooma People Encouraged To Donate Blood
Knox Receives Less Dental Care Funding
Massive Fight in Sydney Club