Bain Capital proposes to acquire remaining shares of Surgery Partners (updated)

Surgery Partners

28/01/2025 14:40

(Adds details and background in paragraphs 3-7)
       Jan 28 (Reuters) - Bain Capital Private Equity has
proposed to acquire the remaining shares of surgical facility
operator Surgery Partners  SGRY.O  it does not already own for
$25.75 apiece, a filing showed on Tuesday.
    Bain Capital has a 39% stake in the company, according to
LSEG data.
    Shares of Surgery Partners rose 19.9% to $25.49 in early
trading.
        The proposed offer represents a 21.2% premium to the
company's last closing price. 
  
     Bloomberg News had previously reported that TPG Inc  TPG.O 
and UnitedHealth Group  UNH.N  were among suitors seeking to buy
the company.
        The report also said that Surgery Partners was drawing
interest from other private equity firms and strategic bidders.
  
        Bain Capital and Surgery Partners did not immediately
respond to Reuters requests for comment.  
  

 (Reporting by Sriparna Roy and Sneha S K in Bengaluru; Editing
by Krishna Chandra Eluri)
 ((Sriparna.Roy@thomsonreuters.com;))