HealthSpan Partners, an affiliate of Bon Secours Mercy Health, has entered into a definitive agreement to acquire Surgery Partners, with Bain Capital Private Equity rolling over its stake, according to a news release.
Surgery Partners (NASDAQ: SGRY), founded in 2004 and based in Brentwood, Tennessee, is a national short-stay surgical facility owner and operator. Bain Capital Private Equity, founded in 1984 and based in Boston, focuses on making control and minority equity investments and prefers to make more substantial investments from a dollars perspective. The firm invests in healthcare and several other industries, targeting provider services, hospital and major facilities, life sciences and pharmaceutical, and non-reimbursement industries within healthcare.
HealthSpan Partners is a contractual affiliate and supporting organization of Bon Secours Mercy Health. Bon Secours Mercy Health, founded in 2018 and based in Cincinnati, is a nonprofit Catholic health system created through the merger of Bon Secours Health System and Mercy Health. McGuire Woods served as healthcare regulatory counsel to HealthSpan Partners.
The all-cash transaction, valued at approximately $5.7 billion in enterprise value, is expected to close in the first quarter of 2027.
Source: Healthcare Investor · Summarized by HeadlinesBriefing