Surgery Partners Shares Surge 48% Following $5.7 Billion Acquisition by HealthSpan Partners
Surgery Partners (SGRY) saw its stock price jump nearly 48% to close at $23.25 after reports emerged of a $5.7 billion all-cash acquisition by HealthSpan Partners, an affiliate of Bon Secours Mercy Health. The deal is valued at approximately $23.50 per share, leaving the stock trading just below the buyout price as investors signal confidence in the transaction's completion. The massive surge was accompanied by extraordinary trading volume, with 58.3 million shares changing hands—roughly 1,772% above the three-month average. The acquisition is expected to be finalized in the first quarter of 2027. Major stakeholders, including Bain Capital which holds roughly 39% of SGRY, are expected to support the deal.