HEALTHSPAN BUYS SURGERY PARTNERS FOR $5.7 BILLION

An affiliate of Bon Secours Mercy Health, HealthSpan Partners, agreed to acquire Surgery Partners $SGRY in an all-cash deal valued at $5.7 billion in enterprise value. Public shareholders will receive $23.50 per share in cash, while Bain Capital, which owns about 39% of the company, is rolling its stake into the buyer instead of cashing out. The combined platform adds more than 200 locations across 30 states and roughly 5,000 affiliated physicians, with the deal expected to close in the first quarter of 2027.