Surgery Partners shares surged over 20% in premarket trading on October 26 following initial reports of acquisition talks valued at approximately $6 billion. Subsequently, HealthSpan Partners officially agreed to acquire the company in a $5.7 billion deal to take it private. The announcement solidified the significant jump in the company's stock price as it prepares to transition from a public to a private entity.
Shares rose 47.62% to $23.25 at the October 26 close, while completion of the agreement hinges on shareholder and regulatory approvals.
Read the full storyShareholders unaffiliated with Bain Capital will receive $23.50 per share, while the investment firm will convert its stake into ownership of the new entity.
Most shareholders will receive $23.50 per share, while Bain will reinvest its roughly 39% stake; the deal is targeted to close in the first quarter of 2027.
Bain-affiliated shareholders will receive $23.50 per share, while Bain will convert its stake into ownership in the acquiring entity in a deal expected to close in early 2027.