Surgery Partners, Inc. (SGRY) Form 8-K — Sep 17, 2026
Surgery Partners completed the sale of its ownership interests in Mountain View Hospital and Idaho Falls Community Hospital to Intermountain Health on September 14, 2026, receiving approximately $797 million in gross proceeds and $587 million in net cash proceeds at closing. The combined Idaho Falls Facilities were valued at approximately $1.15 billion, with consideration subject to customary post-closing adjustments. Proceeds will be used primarily to pay down debt, with credit-agreement leverage expected to improve roughly 30bps from 4.4x at the end of Q2 2026.
Key figures
- Guidance
- FY2026 revenue $3.08B-$3.18B and Adjusted EBITDA at least $489M; pro forma excluding Idaho Falls for full-year 2026: revenue $2.60B-$2.67B and Adjusted EBITDA at least $414M
- Cash Position
- 708800000
- Deal Value Usd
- 1150000000
- Gross Proceeds
- 797000000
- Shares Outstanding
- 130797216
- Leverage improvement
- expected 30bps improvement from 4.4x at end of Q2 2026
- Net cash proceeds usd
- 587000000
- Medicaid payor mix change
- 50% reduction, to under 2% of revenue
- Estimated gain on sale usd
- 16400000
- Fy2025 revenue removed usd
- 722600000
- Aggregate consideration usd
- 796600000
- Ltm adjusted ebitda multiple
- approximately 7x
- Avg distributions multiple 3yr
- approximately 17x
- Net cash consideration at closing usd
- 586500000
AI analysis
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