Surgery Partners, Inc. confirmed receipt of a non-binding proposal from Bain Capital Private Equity, LP, dated January 27, 2025. Bain Capital proposed to acquire all outstanding shares of Surgery Partners not already owned by its affiliates for a cash consideration of $25.75 per share.
Bain Capital and its affiliates currently own approximately 39% of Surgery Partners' outstanding common stock. The proposal indicates that any potential transaction would be subject to a non-waivable condition requiring the approval of a majority of shares not owned by Bain Capital and its affiliates.
A Special Committee of independent directors of the Board is expected to consider the Bain Capital Proposal with the assistance of independent financial and legal advisors. The company cautioned shareholders that no decisions have been made and there is no assurance of a definitive offer or consummated transaction.
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