Surgery Partners is the third-largest ASC operator in the country, and private equity firms are reportedly also interested in buying the chain.
August 26, 2024 – Jeff Lagasse, Editor
UnitedHealth Group is one of several potential buyers of Surgery Partners, an operator of ambulatory surgical centers, and negotiations on a potential deal are still in the nascent phase, Bloomberg reported.
Surgery Partners is the third-largest ASC operator in the country, and private equity firms are reportedly also interested in buying the chain, with TPG expressing particular interest.
At this point, a deal is not guaranteed, though Surgery Partners’ stock did increase 18% after it was revealed that UHG and TPG are suitors, found a report in Seeking Alpha.
Transaction amounts have not been disclosed, though some estimate Surgery Partners’ value at between $3.6 billion and $4.3 billion, according to Bloomberg.
Private equity firm Bain Capital is Surgery Partners’ largest shareholder with a 39% stake, Seeking Alpha reported.
