Surgery Partners to be taken private by Bon Secours affiliate in $5.7 billion deal
HealthSpan Partners, an affiliate of nonprofit hospital system Bon Secours Mercy Health, has agreed to take Brentwood-based Surgery Partners private in a deal valued at about $5.7 billion, including debt. The transaction features a price of $23.50 per share and sends Surgery Partners stock toward its best single-day performance in more than six years. Bain-backed Surgery Partners announced the agreement on Monday. The acquisition aims to expand outpatient services for Bon Secours Mercy Health. Financial Times and the Wall Street Journal report the buyout is near or finalized at the $6 billion or $5.7 billion valuation range.
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- ✓ Surgery Partners will be taken private by HealthSpan Partners in a deal valued at about $5.7 billion including debt.
- ✓ HealthSpan Partners is an affiliate of nonprofit hospital system Bon Secours Mercy Health.
- ✓ The transaction price is set at $23.50 per share.
- ✓ Surgery Partners is based in Brentwood.
What changed
HealthSpan Partners agreed to acquire Surgery Partners in a take-private transaction valued at approximately $5.7 billion.
Live updates
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Surgery Partners to go private in $5.7 billion deal
HealthSpan Partners, an affiliate of nonprofit hospital system Bon Secours Mercy Health, has agreed to take Brentwood-based Surgery Partners private in a deal valued at about $5.7 billion, including debt. The transaction features a price of $23.50 per share and sends Surgery Partners stock toward its best single-day performance in more than six years. Bain-backed Surgery Partners announced the agreement on Monday. The acquisition aims to expand outpatient services for Bon Secours Mercy Health. Financial Times and the Wall Street Journal report the buyout is near or finalized at the $6 billion or $5.7 billion valuation range.
Why it matters
The transaction marks a major consolidation move within the healthcare and outpatient services sector. Bon Secours Mercy Health is expanding its clinical footprint by absorbing the Bain-backed surgical care provider. The significant jump in share value reflects strong investor reaction to the acquisition offer.
What is confirmed
- Surgery Partners will be taken private by HealthSpan Partners in a deal valued at about $5.7 billion including debt.
- HealthSpan Partners is an affiliate of nonprofit hospital system Bon Secours Mercy Health.
- The transaction price is set at $23.50 per share.
- Surgery Partners is based in Brentwood.
What to watch next
- Finalization and closing of the $5.7 billion take-private transaction
- Regulatory approvals and shareholder votes regarding the HealthSpan Partners acquisition
confidence 90%Sources used for this update (13)
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- Financial Times — Bon Secours nears $6bn takeover of Bain-backed Surgery Partners
- WSJ — Bon Secours Affiliate to Acquire Surgery Partners in $5.7 Billion Take-Private Deal
- The Business Journals — Brentwood-based Surgery Partners to go private in $5.7 billion deal
- Yahoo Finance — SGRY Stock Heads For Best Day In More Than 6 Years After HealthSpan Partners’ Acquisition Offer – Here’s What Investors Need To Know
- Modern Healthcare News — Bon Secours’ HealthSpan to buy Surgery Partners in $5.7B deal
- Reuters — Surgery Partners to be taken private by Bon Secours affiliate in $5.7 billion deal
- digg.com — Surgery Partners to go private in $5.7 billion deal with Bon Secours affiliate · Digg
- www.marketscreener.com — Surgery Partners to be taken private by Bon Secours affiliate in $5.7 billion deal | MarketScreener
- en.wikipedia.org — Surgery - Wikipedia
- my.clevelandclinic.org — Surgery: Types, Why It’s Done, Considerations - Cleveland Clinic
- srnnews.com — Trump To Rally In Mississippi - SRN News
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