Bain Capital Private Equity announced a proposal to acquire the remaining shares of Surgery Partners, offering $25.75 per share.
Bain Capital, which already owns 39% of the company, plans to take full control of the surgical facility operator in a deal that represents a 21.2% premium over the company’s last closing price.
The announcement boosted Surgery Partners’ stock by 19.9% in early trading, reaching $25.49. Bain’s offer comes amid reported interest from other suitors, including TPG Inc and UnitedHealth Group, as well as additional private equity firms and strategic bidders.
The filing highlights Bain Capital’s confidence in Surgery Partners’ growth potential and its strategic value in the healthcare sector. Surgery Partners and Bain Capital have not yet provided further comments on the proposed deal.
This proposal marks a significant step for Bain Capital in its pursuit of consolidating ownership of Surgery Partners, potentially setting the stage for further growth and value creation in the competitive surgical facility market.
Source: Reuters
Can’t stop reading? Read more
Ares posts strong Q3 results with record fundraising and 28% AUM growth
Ares posts strong Q3 results with record fundraising and 28% AUM growth Ares Management...
Top private equity news of the week
Top private equity news of the week Andreessen Horowitz has led a $150m funding round in San...
Burnley FC and Espanyol parent ALK Capital lands $200m from Cynosure | Checketts Sports Capital
Burnley FC and Espanyol parent ALK Capital lands $200m from Cynosure | Checketts Sports Capital...