The company manages over 180 locations across the US, encompassing surgery centres, hospitals, physician practices, and urgent care facilities. Credit: Andrey Zhernovoy/Shutterstock.

Surgery Partners, an operator of surgical facilities and ancillary services in the US, is reportedly exploring options for a potential sale.  

The company is working with a financial adviser to assess interest from prospective buyers, Bloomberg reported, citing people with knowledge of the matter.  

Related Company Profiles

View all

Potential buyers may include private equity companies or strategic buyers. 

Sources, who requested anonymity due to the confidential nature of the talks, told Bloomberg that the discussions are still in the early stages, and Surgery Partners may decide not to proceed with a sale.  

Neither Surgery Partners nor Bain Capital, its major shareholder, have yet to publicly comment on these developments. 

See Also:

Founded in 2004, the company manages over 180 locations across the US, encompassing surgery centres, physician practices, surgical hospitals, and urgent care facilities. 

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The company employs more than 7,000 people and works with 4,600 affiliated physicians, providing services to approximately 600,000 patients each year. 

Surgery Partners became a publicly traded company in 2015 and expanded through a merger with National Surgical Healthcare in 2017.  

During this merger, Bain Capital took over HIG Capital’s stake in the company. Bain Capital currently holds a 39% stake in Surgery Partners, according to Bloomberg’s data. 

In May this year, the company forecasted that it would generate at least $3.05bn in revenue annually and a minimum of $505m in adjusted earnings before interest taxes and depreciation (EBITDA).  

Following the news of the potential sale, shares in Surgery Partners rose by 8.9% after the close of regular trading in New York on 18 July, the report added. 

Despite this surge, the company’s stock has decreased in value by approximately one-third over the past year, resulting in a market valuation of $3.7bn.