SGRY — Surgery Partners, Inc. - Common Stock
Session close: $23.25. Regular-session share volume: 57,556,814. Change from previous close: +47.62%.
Key developments
Surgery Partners announced a definitive all-cash acquisition by HealthSpan Partners, a supporting organization of Bon Secours Mercy Health, following earlier reports of takeover talks. Session coverage attributed the stock’s sharp advance to the agreement. Public shareholders other than Bain Capital affiliates will receive cash, while Bain will roll over its stake. Financing commitments are secured, with no financing condition.
HealthSpan Partners to Acquire Surgery Partners, Establishing a Leading Outpatient Surgical Care Platform · Bon Secours Nears $6 Billion Takeover of Surgery Partners, FT Reports · Surgery Partners Surges as $5.7 Billion Deal Takes Company Private · Crude Oil Edges Lower; Chicago Fed Activity Index Rises In September
Completion remains subject to shareholder and regulatory approvals and customary closing conditions. The board backed the transaction following an independent committee’s unanimous recommendation. Surgery Partners would become privately held and leave Nasdaq after closing. Its reported intraday strength contrasted with softer healthcare stocks that afternoon; the supplied coverage does not establish a closing-session outcome.
Surgery Partners Surges as $5.7 Billion Deal Takes Company Private · Sector Update: Healthcare Stocks Softer Late Afternoon · Sector Update: Healthcare Stocks Softer Monday Afternoon
News sources
Company news Surgery Partners Surges as $5.7 Billion Deal Takes Company Private · Company news HealthSpan Partners Agrees To Acquire Surgery Partners For ~$5.7B In Cash · Company news HealthSpan Partners to Acquire Surgery Partners, Establishing a Leading Outpatient Surgical Care Platform · Company news Bon Secours Nears $6 Billion Takeover of Surgery Partners, FT Reports · Company news Bon Secours nears $6bn takeover of Bain-backed Surgery Partners