Deals·October 25, 2026 at 2:16 PM EDT·2 sources
Bon Secours nears $6bn takeover of Bain-backed Surgery Partners
SGRY -0.9%
SGRY · last 30 trading days-0.9% since the news
News
acquisition, log scale$6.0B
$100M$1B$10B$100B
Premium+27%
0%100%
EV / EBITDA10.8x
0x30x
What happened
- Bon Secours is in late-stage talks to buy a majority stake in Surgery Partners.
- The proposed transaction would value Surgery Partners at about $6bn, or approximately $20 a share.
- Surgery Partners is backed by Bain, according to the Financial Times.
Implied valuation
about $6bn
Value per share
about $20
Why it matters
The transaction would be a significant healthcare-services deal and could affect hospital-sector consolidation, financing considerations and valuation benchmarks.
What to watch. Whether Bon Secours and Surgery Partners reach a definitive agreement and disclose final terms.
Deal terms
acquisition
Bon Secours Mercy Health → Surgery Partners
Value
$6.0B · $20.00/share
Premium to unaffected close
+27.0%
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
Timeline
- First reported by Financial Times3hBon Secours nears $6bn takeover of Bain-backed Surgery Partners
- Bloomberg reports3hBon Secours Nears $6B Takeover of Surgery Partners: FT
Who is involved
acquiringBon Secours nears $6bn takeover of Bain-backed Surgery PartnersSurgery PartnersSGRY · targetBon Secours Mercy HealthbuyerBain
CompanyInvestorThe deal
Sources (2)
Read more on YouBank
The Newsroom, ranked for your desk
About ninety free sources every ten minutes, one story per event, read for you: bankers, investors, operators and students each get their own desk. Free to start.
- Why it matters to youEvery story matched to your watchlist, your contacts and your pipeline.
- Follow developing storiesAn alert, and a push, the moment a story you follow moves.
- Your briefing, read aloudA few minutes each morning with a chapter per story.
- Brief modeSwipe through the day, a 20-second card each.