NovaMed, Inc. (NASDAQ:NOVA) a leading operator of ambulatory surgery centers in partnership with physicians, announced results for the fourth quarter and year ended December 31, 2010. Total net revenue was $38,634,000 compared to $39,261,000 in the prior year fourth quarter. Same-facility net revenue declined 2% for the quarter. Net income from continuing operations attributable to NovaMed in the fourth quarter of 2010 was $2,073,000, or $0.26 per diluted share, compared to $2,020,000, or $0.26 per diluted share, in the prior year fourth quarter. Fourth quarter 2010 results included $425,000 in pretax income from the settlement of an outstanding lawsuit as well as $379,000 in pretax merger related expenses. Net cash provided by operating activities in the fourth quarter of 2010 was $11,094,000 and distributions to noncontrolling interests, which are included in net cash used in financing activities, were $3,929,000. In the fourth quarter of 2010, net cash provided by operating activities less distributions to noncontrolling interests was $7,165,000, or $0.90 per diluted share. ( Read More http://crweselect.com/21066/stock-alerts/nova-nhprob-nlci-crweob-aegr-cr... )