Surgery Center Holdings, an ambulatory surgery center operator, entered into a $214 million deal to acquire NovaMed, a publicly traded surgery center operator based in Chicago. The deal, which is expected to close in the second quarter, includes $105 million of debt.
Surgery Partners, an affiliate of Surgery Center Holdings, would acquire NovaMed stock for $13.25 per share in cash, according to a news release announcing the deal. Private-equity firm HIG Capital, through an affiliate, acquired a majority stake in Surgery Partners in January 2010, according to HIG's website.
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