Bon Secours Mercy Health is in talks to buy a majority stake in Surgery Partners
The Financial Times reported that Bon Secours Mercy Health, a US-based not-for-profit health system, is in late-stage talks to buy a majority stake in Bain Capital-backed Surgery Partners. The proposed deal would value the surgical-care provider at roughly $6 billion, including $3.5 billion in debt, or about $20 a share; Bain Capital would retain nearly 40%.
More context
Bon Secours Mercy Health is in late-stage talks to acquire a majority stake in Surgery Partners, the Financial Times reported. Bloomberg, citing people familiar with the matter, said the transaction would value the Bain Capital-backed outpatient surgical care provider at about $6 billion, including $3.5 billion in debt, or roughly $20 a share. Bain Capital would retain its nearly 40% stake. Reuters described Bon Secours as a U.S.-based not-for-profit health system.
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Reporting
- Seeking Alpha — Bon Secours nears $6B takeover of Surgery Partners, FT reports (SGRY:NASDAQ) | Seeking Alpha
- Bloomberg — Bon Secours Nears $6 Billion Buy of Surgery Partners, FT Says - Bloomberg
- Bloomberg — Bon Secours Nears $6B Takeover of Surgery Partners: FT - Bloomberg
- Financial Times — Subscribe to read
- wsau.com — Bon Secours nears $6 billion takeover of Bain-backed Surgery Partners, FT reports
Verifier’s note
The FT headline and the other results report that Bon Secours is nearing a roughly $6 billion deal for Surgery Partners. The results are dated today and do not contradict the central claim.