Surgery Partners, Inc. Receives Non-Binding Acquisition Proposal from Bain Capital

On January 27, 2025, Surgery Partners, Inc. (NASDAQ: SGRY) disclosed the receipt of an unsolicited and non-binding proposal from Bain Capital Private Equity, LP to acquire all outstanding shares of common stock. The press release issued by the company confirmed this proposition.

The proposal, valued at $25.75 per share, was put forth by Bain Capital, representing a group interested in acquiring the remaining shares of Surgery Partners not currently held by Bain Capital. Noteworthily, Bain Capital and its affiliates already own approximately 39% of the company’s outstanding common stock, as indicated in the Schedule 13D/A filing dated January 28, 2025.

In response to the Bain Capital Proposal, a Special Committee comprising independent members of the Board of Directors will assess the offer with the guidance of external financial and legal advisors. The proposal specifies that any potential transaction would necessitate approval from the majority of shareholders not affiliated with Bain Capital, as well as clearance from a Special Committee made up entirely of disinterested directors.

Surgery Partners advises caution to its shareholders and potential traders regarding securities transactions pending a decision on the proposed acquisition. It is crucial to note that the Bain Capital Proposal, while outlining significant terms, remains non-binding. Therefore, there is no guarantee that a definitive offer will materialize, or that any resulting agreements will be executed.

Surgery Partners, headquartered in Brentwood, Tennessee, is recognized as a key player in the healthcare services sector, focusing on outpatient care delivery models to enhance surgical and related ancillary care services for patients and medical professionals. With over 200 locations across 33 states, Surgery Partners has established itself as one of the country’s prominent providers of surgical services.

As with any forward-looking statement, caution is advised when assessing the possible outcomes of the acquisition. While the company acknowledges the proposal, the non-binding nature of the offer necessitates a level of uncertainty in the eventual decision-making process.

For more information on Surgery Partners and updates on this development, visit www.surgerypartners.com.

This press release contains certain forward-looking statements pertaining to the proposed transaction and the formation of a Special Committee. It is important to note that any such statements are subject to change, and the company does not undertake to update these statements beyond what is required by law.

Please be advised that the mentioned contact details are for media and investor relations purposes only.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Surgery Partners’s 8K filing here.

Surgery Partners Company Profile

Surgery Partners, Inc, together with its subsidiaries, owns and operates a network of surgical facilities and ancillary services in the United States. The company provides ambulatory surgery centers and surgical hospitals that offer non-emergency surgical procedures in various specialties, including orthopedics and pain management, ophthalmology, gastroenterology, and general surgery.