Bain Capital Eyes Full Acquisition of Surgery Partners with $25.75 per Share Offer
In a recent filing, Bain Capital Private Equity revealed its proposal to acquire the remaining outstanding shares of Surgery Partners, Inc., the surgical facility operator. The offer stands at $25.75 per share, representing a 21.2% premium over the company's last closing price.
Bain Capital currently holds a 39% stake in Surgery Partners, as per LSEG data. Upon acquiring the remaining shares, the private equity firm would gain full ownership of the company.
Shares of Surgery Partners experienced a 19.9% surge to $25.49 during early trading following the announcement. Industry sources had previously reported interest from other private equity firms and strategic bidders in acquiring Surgery Partners. TPG Inc and UnitedHealth Group were among the potential suitors mentioned.
Both Bain Capital and Surgery Partners remain unresponsive to Reuters' requests for comment at this time.