HealthSpan Partners to Acquire Surgery Partners for $5.7 Billion

October 27, 2026

HealthSpan Partners agreed to acquire Surgery Partners in an all-cash transaction valued at approximately $5.7 billion in enterprise value. Bain Capital Private Equity, Surgery Partners’ largest shareholder, will roll over its equity into the acquiring entity and remain a significant investor; the deal is expected to close in the first quarter of 2027, subject to approvals and other customary conditions.

Buyers
HealthSpan Partners, Bain Capital Private Equity
Targets
Surgery Partners
Location
Tennessee, United States
Transaction Type
Buyout

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