UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT



                         PURSUANT TO SECTION 13 OR 15(D)
                                     of the
                         SECURITIES EXCHANGE ACT OF 1934


                   Date of Event Requiring Report: May 7, 2002


                                  NOVAMED, INC.
             (Exact Name of Registrant as Specified on its Charter)


              000-26927                               77-0443643
              ---------                               ----------
       (Commission File Number)          (IRS Employer Identification Number)


                                     NEVADA
         (State or Other Jurisdiction of Incorporation or Organization)


                 1403 East 900 South, Salt Lake City, Utah 84105
                 -----------------------------------------------
                    (Address of Principal Executive Offices)


                                 (801) 582 9609
                                 --------------
              (Registrant's Telephone Number, Including Area Code)






ITEM 5.           Other Events

On May 7, 2002, NovaMed Inc., ("Company") effected a fifty to one (50:1) reverse
split of its common  stock.  The Company  currently  has 869,858  common  shares
issued and outstanding.

The  decision  to effect  the  reverse  split was  resolved  to enable a capital
restructuring  made  necessary due to the winding down of the  Company's  breast
implant  business.  Management  intends to seek a new business  opportunity that
might create value for the Company's  shareholders.  The Company's new symbol on
the OTC.BB is "NOMD".

Pursuant to the  requirement  of the  Securities Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the  undersigned  hereunto
duly authorized.

Dated: May 21, 2002

NovaMed, Inc.
A Nevada corporation

By:   /s/ Ruairidh Campbell
   ------------------------
Ruairidh Campbell
President
















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