Robbins Umeda LLP has commenced an investigation into possible breaches of fiduciary duty and other violations of state law by members of the board of directors of NovaMed Inc. NOVA in connection with their efforts to sell the company to Surgery Center Holdings, Inc., an affiliate of H.I.G. Capital, LLC. If the transaction is completed, NovaMed shareholders will receive $13.25 in cash for each share of NovaMed common stock they hold. The transaction is expected to close in the second quarter of 2011.
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