Management Buyout of American Surgical Investigated by Tripp Levy PLLC

Tripp Levy PLLC, a leading national securities law firm, announces an investigation into the acquisition of American Surgical Holdings, Inc. (OTCBB: ASRG). On December 20, 2010, American Surgical announced that it had entered into a definitive merger agreement pursuant to which American Surgical will be acquired and taken private by AH Holdings Inc., an affiliate of Great Point Partners, I LP ("GPP"). Under the terms of the definitive merger agreement, at the closing of the transaction American Surgical's stockholders will receive $2.87 per share in cash.

Certain members of American Surgical’s management team will receive a 14.9% ownership interest in the buyer. In addition, management of American Surgical have agreed to vote their 60% interest in favor of the transaction.

The investigation concerns, among other things, whether the consideration to be paid to American Surgical shareholders is grossly unfair, inadequate, and substantially below the fair or inherent value of American Surgical. Indeed, analysts have projected that the true inherent value of the company is worth approx. $3.40 per share. The investigation further concerns whether management and the directors of American Surgical may not be acting in American Surgical shareholders' best interests in connection with the proposed transaction.

If you own American Surgical common stock and you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact:

Tripp Levy
Tripp Levy PLLC
125 East 82nd Street
9th Floor
New York, New York
Toll Free: 877-772-3975



Tripp Levy PLLC
Tripp Levy, 877-772-3975

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