CHICAGO--(BUSINESS WIRE)--Thomas S. Hall, Chairman, President and Chief Executive Officer of NovaMed, Inc. (Nasdaq: NOVA), today announced results for the first quarter ended March 31, 2008. Total net revenue grew to $33,813,000, up 11% from $30,568,000 in the prior year first quarter, with net revenue from surgical facilities growing to $27,415,000, up 13% from $24,277,000 in the prior year first quarter. Income from continuing operations in the first quarter of 2008 was $2,136,000, or $0.09 per diluted share, compared to $1,533,000, or $0.06 per diluted share, in the prior year first quarter, an increase of 39%. Same-facility net revenue growth was 3% for the quarter. Net cash provided by operations was $4,020,000 in the first quarter of 2008, up from $337,000 in the prior year first quarter.
