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HealthSpan Partners to Acquire Surgery Partners, Establishing a Leading Outpatient Surgical Care Platform

$SGRYPress releaseOct 26, 2026, 9:00 AM ETRead the release

Surgery Partners (NASDAQ: SGRY) agreed to be acquired by HealthSpan Partners, a Bon Secours Mercy Health affiliate, in an all-cash deal valuing the company at roughly $5.7 billion enterprise value. Shareholders (excluding Bain Capital affiliates, which own about 39% and are rolling over equity) will receive $23.50 per share in cash. The deal was negotiated by an independent Special Committee and unanimously approved by the board; it is expected to close in Q1 2027 pending shareholder and regulatory approvals.

Key figures

Deal Value Usd
5700000000
Offering Price
23.5
States
30
Locations
200
Expected close
Q1 2027
Affiliated physicians
5000
Ownership stake bain capital
39%

AI analysis

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