Surgery Partners Inc. (Nasdaq: SGRY) will remain an independent, publicly traded company following the conclusion of its strategic review process, executives reaffirmed during the company’s second quarter 2025 earnings call on Tuesday. Instead of pursuing a sale to Bain Capital, which had been under consideration prior to June 17, the company will pivot toward selectively selling or partnering assets to accelerate cash flow and reduce debt. “The special committee of independent directors’ … [Read more...]
Surgery Partners Passes on Bain’s Buyout Pitch
Surgery Partners Inc. (Nasdaq: SGRY) will remain an independent company – for now. On June 17, the Brentwood, Tennessee-based Surgery Partners announced that the special committee of independent directors that its board tasked with reviewing a go-private takeover bid from Bain Capital Private Equity has officially passed on the proposal. As a result, Surgery Partners has “concluded discussions related to Bain Capital’s non-binding proposal to acquire all the outstanding shares of Surgery … [Read more...]
Surgery Partners Cashing In on Orthopedics Boom, Ramping Up De Novo Development
Following a go-private proposal from Bain Capital Private Equity and other sales-process rumors that began last year, ambulatory surgery center (ASC) industry insiders have been following Surgery Partners Inc. (Nasdaq: SGRY) very closely. Amid the noise, the Surgery Partners leadership team is sticking to its playbook: organic growth, margin improvement and strategic M&A. It’s a strategy that drove the Brentwood, Tennessee-based company to cross $3 billion in revenue for the first time in … [Read more...]
Bain Capital’s Go-Private Surgery Partners Bid Seen as ‘Low,’ Not Reflective of ASC Market’s Upside
Surgery Partners has confirmed it received a non-binding acquisition proposal from Bain Capital Private Equity. The proposal was delivered to ambulatory surgery center (ASC) giant Surgery Partners on Jan. 27. In it, Bain Capital proposed to buy all of the outstanding shares of Surgery Partners it doesn’t already own for a cash consideration of $25.75 per share. Bain Capital and its affiliates own about 39% of Surgery Partners’ common stock. Moving forward, a special committee of … [Read more...]
Bain Capital Private Equity Looking to Buy Out Surgery Partners
Surgery Partners (Nasdaq: SGRY) has been exploring a possible sale since at least July, according to multiple news reports. Now, the surgical services giant appears to have a proposal on the table. On Monday evening, Bain Capital Private Equity reached out to the Surgery Partners board with a non-binding proposal to acquire all of the company’s stock it does not already own for $25.75 per share. The proposal was documented via public financial filings with the U.S. Securities and Exchange … [Read more...]