News | News By Subject | News by Disease News By Date | Search News
Get Our FREE
Industry eNewsletter
email:    
   

NovaMed To Retain Ambulatory Surgery Center In Kansas



10/19/2005 5:13:09 PM

CHICAGO--(BUSINESS WIRE)--March 28, 2005--NovaMed, Inc. (Nasdaq: NOVA) today announced that it has successfully completed the buy-out of an option to purchase its 51% interest in the Overland Park Eye Surgery Center located in Overland Park, Kansas from its two physician-partners in this center. As previously disclosed, Dr. John Hunkeler and Dr. Cliff Cokingtin, who together own 49% of the Overland Park Eye Surgery Center, had an option to purchase NovaMed's 51% interest on April 15, 2005. NovaMed has purchased this option from its partners which resulted in the termination of the option and NovaMed continuing to own a 51% interest in the surgery center. With the termination of this option, NovaMed has no remaining option agreements with physician-partners that provide them with the right to purchase NovaMed's majority interest in any of its surgery centers.

Read at BioSpace.com


comments powered by Disqus
 
 

ADD TO DEL.ICIO.US    ADD TO DIGG    ADD TO FURL    ADD TO STUMBLEUPON    ADD TO TECHNORATI FAVORITES