HealthSpan to take Surgery Partners private in $5.7 billion deal

Oct 26 — HealthSpan Partners, a supporting organization ​of not-for-profit healthcare system Bon Secours Mercy Health, will take Surgery ‌Partners private for about $5.7 billion, the surgical ⁠facility operator said ​on Monday.

The deal ⁠values Surgery Partners at $23.50 per ‌share, implying ‌a premium of 49% to the ⁠stock's last ⁠close.

The company's shares were halted in premarket trading.

Private equity group Bain Capital, which has been a minority shareholder since 2017 and owns ‌39% of Surgery Partners, ​has agreed to vote all of its shares in the company in favor of the transaction, the surgical facility operator said.

The deal ends a two-year strategic review ​during which Surgery Partners drew ‌interest from ‌potential ⁠buyers including Bain Capital, whose bid to take the company private last year was rebuffed.

The transaction is ‌expected to close in ​the first quarter ‌of 2027.

(Reporting ⁠by ​Christy Santhosh in Bengaluru; Editing by Jonathan ​Ananda)

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