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news.Healthcare services company NovaMed has acquired The Buying Group, an optical products purchasing organization based in Minneapolis, Minnesota, for approximately $7 million.
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Thomas Hall, NovaMed’s chairman, president and CEO, said: “With over $24 million in gross sales and approximately $2.4 million in net revenue, The Buying Group represented an attractive acquisition opportunity for us. This acquisition solidifies NovaMed’s position as one of the leading optical products purchasing organizations in the nation. We look forward to the continuing growth of our optical products business.”