NovaMed/Surgery Center Holdings
On January 21, 2011, NovaMed, Inc. (Nasdaq: NOVA) announced that they have entered into an agreement whereby they will be acquired by Surgery Center Holdings, Inc. for a consideration of $13.25 per share, or total outlay of $214 million, including the assumption or repayment of approximately $105 million of indebtedness.
Surgery Partners is an affiliate of H.I.G. Capital, LLC.
Closing is expected in Q211.
Jefferies Finance LLC and THL Credit, Inc. have committed to provide debt financing for the transaction.
William Blair & Company is serving as financial advisor and DLA Piper LLP (US) is serving as legal advisor to NovaMed’s board of directors.
McDermott, Will and Emery LLP is serving as legal advisor to H.I.G. Capital and Surgery Partners.
Surgery Partners is an affiliate of H.I.G. Capital, LLC.
Closing is expected in Q211.
Jefferies Finance LLC and THL Credit, Inc. have committed to provide debt financing for the transaction.
William Blair & Company is serving as financial advisor and DLA Piper LLP (US) is serving as legal advisor to NovaMed’s board of directors.
McDermott, Will and Emery LLP is serving as legal advisor to H.I.G. Capital and Surgery Partners.
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Notable Mergers and Acquisitions of the Day 01/21: NOVA, WMG, ORCC
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NovaMed (NOVA) To Be Acquired for $13.25/Share
