HealthSpan Partners to Acquire Surgery Partners for $5.7 Billion

HealthSpan Partners, a contractual affiliate of Bon Secours Mercy Health, agreed to acquire Surgery Partners in an all-cash deal valuing the company at approximately $5.7 billion. Shareholders will receive $23.50 per share, a premium to the prior closing price, while affiliates of largest shareholder Bain Capital will roll over their equity interests. The transaction is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals; Surgery Partners will then become privately held and leave Nasdaq.