Goodwin Advises Special Committee of Surgery Partners on $5.7 Billion Acquisition by HealthSpan Partners
The Public M&A and Healthcare teams advised the Special Committee of the Board of Directors of Surgery Partners, Inc. (NASDAQ: SGRY), a leading short-stay surgical facility owner and operator, in its definitive agreement to be acquired by HealthSpan Partners, a contractual affiliate and supporting organization of Bon Secours Mercy Health, in an all-cash transaction valued at an enterprise value of approximately $5.7 billion.
Under the terms of the agreement, Surgery Partners shareholders, other than affiliates of Bain Capital Private Equity, will receive $23.50 per share in cash. Affiliates of Bain Capital will roll over their existing shares in exchange for equity interests in the acquiring entity and remain a significant partner alongside HealthSpan Partners following completion of the transaction. The acquisition is expected to close in the first quarter of 2027, subject to shareholder and regulatory approvals and other customary closing conditions.
The Goodwin team was led by Joshua Zachariah, Blake Liggio, Jessica Park, and Eryn Mathews.
For more information, please read the press release.