Becker's Healthcare February 6, 2025
Brentwood, Tenn.-based Surgery Partners received a nonbinding acquisition proposal from Bain Capital Private Equity on Jan. 27, offering to buy all outstanding shares for $25.75 per share in cash.
The offer values Surgery Partners at $3.2 billion. Bain Capital, which already holds a 39% stake in Surgery Partners, has no interest in selling its shares.
Surgery Partners is the third-largest ASC operator in the U.S., with more than 160 centers and 4,600 affiliated physicians. After going public in 2015, it merged with National Surgical Healthcare in 2017, and Bain acquired HIG Capital’s stake in Surgery Partners.
Following the announcement, Surgery Partners’ stock surged 20% on Jan. 28. The deal remains subject to regulatory review.
The proposed acquisition has raised...
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