Key Takeaways
- • HealthSpan Partners, an affiliate of nonprofit health system Bon Secours Mercy Health, plans to take Bain Capital-backed Surgery Partners private in a deal valued at about $5.7 billion, according to the Wall Street Journal.
- • The combination is intended to expand HealthSpan's presence in the growing outpatient surgery market and allow it to serve patients across a broader range of care settings.
- • Surgery Partners operates through a network of ambulatory surgery centers, surgical hospitals and physician partnerships, making the transaction a significant consolidation move in outpatient care.
- • HealthSpan announced the deal on Monday, and the source material does not disclose financing structure, closing timeline, or regulatory approval details.
Summary
HealthSpan Partners, an affiliate of nonprofit health system Bon Secours Mercy Health, plans to take Bain Capital-backed surgical care provider Surgery Partners private in a deal valued at about $5.7 billion, the Wall Street Journal reported. HealthSpan disclosed the plan on Monday.
Surgery Partners operates through a network of ambulatory surgery centers, surgical hospitals and physician partnerships. Its ownership by Bain Capital places the company within the private equity sector, and the take-private structure would remove its public equity listing.
According to the announcement, the combination aims to expand HealthSpan's presence across a growing market for outpatient surgery. The companies also said the deal would allow HealthSpan to serve patients across a broader range of care settings, reflecting a strategy of building an integrated network spanning outpatient and hospital-based services.
The source material does not include details on financing, the expected closing date, or required regulatory approvals, and these remain to be disclosed.
Surgery Partners operates through a network of ambulatory surgery centers, surgical hospitals and physician partnerships. Its ownership by Bain Capital places the company within the private equity sector, and the take-private structure would remove its public equity listing.
According to the announcement, the combination aims to expand HealthSpan's presence across a growing market for outpatient surgery. The companies also said the deal would allow HealthSpan to serve patients across a broader range of care settings, reflecting a strategy of building an integrated network spanning outpatient and hospital-based services.
The source material does not include details on financing, the expected closing date, or required regulatory approvals, and these remain to be disclosed.
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