NOVA Novamed, Inc. (MM)

NovaMed, Inc. (Nasdaq: NOVA), a leading operator of ambulatory surgery centers (ASCs) in partnership with physicians, today announced that its majority-owned ASC located in Orlando, Florida (d/b/a Downtown Surgery Center) acquired certain assets of a multi-specialty ASC in the market. As a result of the transaction, the operations of the acquired ASC have been merged into Downtown Surgery Center and three physician-partners and a hospital-partner of the acquired ASC have become partners in Downtown Surgery Center. The three new physician-partners perform orthopedic, ophthalmology and general surgery procedures.

Separately, NovaMed is also pleased to announce that three other local physicians have become partners in Downtown Surgery Center. One of these physicians is an orthopedic surgeon and the other two are general surgeons. NovaMed now owns 62% of Downtown Surgery Center with the remaining 38% owned by seven physician-partners and a hospital-partner.

“We are excited to welcome our new partners and look forward to working with each of them at our state-of-the-art surgery center,” commented Thomas S. Hall, Chairman, President and Chief Executive Officer of NovaMed, Inc. “We opened Downtown Surgery Center in January 2009 with our partner, Dr. George White, a highly respected orthopedic surgeon. Downtown Surgery Center has four operating rooms and one procedure room and is managed by our experienced and capable staff. We have plenty of capacity to accommodate our new partners as well as other local surgeons that we hope will choose to use our surgery center.”

Mr. Hall concluded, “This acquisition represents the execution of the strategy we have articulated of identifying underperforming ASCs in our existing markets with the plan of folding the operations into our own surgery center. We believe this is a great opportunity to achieve growth and add value to our existing portfolio with a relatively low capital commitment and we plan to pursue more of these types of acquisitions. In addition, this transaction brings our second hospital partner to our portfolio which we continue to believe helps to strengthen our position in certain markets.”

About NovaMed

NovaMed operates, develops and acquires ambulatory surgery centers in partnership with physicians and holds majority ownership interests in 37 surgery centers located in 19 states. Learn more at www.novamed.com.

This press release contains forward-looking statements that relate to possible future events. These statements are based on management’s current expectations and are subject to risks and uncertainties, which could cause our actual results to differ materially from those expressed or implied in this press release. These risks and uncertainties include: the current difficult economy and tightened credit markets; our current and future debt levels; our ability to access capital on a cost-effective basis to continue to successfully implement our growth strategy; reduced prices and reimbursement rates for surgical procedures; our ability to acquire, develop or manage a sufficient number of profitable surgical facilities; our ability to maintain successful relationships with the physicians who use our surgical facilities; our ability to grow and manage effectively our increasing number of surgical facilities; competition from other companies in the acquisition, development and operation of surgical facilities; and uncertainty around national healthcare reform and the application of existing or proposed government regulations, or the adoption of new laws and regulations, that could limit our business operations, require us to incur significant expenditures or limit our ability to relocate our facilities if necessary. Readers are encouraged to review a more complete discussion of the factors affecting NovaMed’s business and prospects in its filings with the Securities and Exchange Commission, including the company’s 2009 Form 10-K filed on March 16, 2010. Readers should not place undue reliance on any forward-looking statements. Except as required by the federal securities laws, NovaMed undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changing circumstances or any other reason after the date of this press release.

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