Ropes & Gray represented Surgery Partners, Inc. in a definitive agreement to be acquired by HealthSpan Partners, in an all-cash transaction valued at an enterprise value of approximately $5.7 billion. Under the terms of the agreement, funds advised by Bain Capital Private Equity will rollover and remain a significant partner in Surgery Partners with HealthSpan Partners following closing. The transaction was announced on October 26.
Surgery Partners is a leading short-stay surgical facility owner and operator, with more than 200 locations in 30 states, including ambulatory surgery centers, surgical hospitals, multi-specialty physician practices and urgent care facilities. HealthSpan Partners is an affiliate of Bon Secours Mercy Health. Together, HealthSpan Partners and Surgery Partners will establish one of the country’s largest outpatient surgical care platforms.
The transaction is expected to close in the first quarter of 2027.
The Ropes & Gray team included mergers & acquisitions partners Thomas Holden and Suni Sreepada, mergers & acquisitions counsel Nicholas Roper, finance partner Byung Choi, antitrust partner Jonathan Klarfeld, and litigation & enforcement partner Martin Crisp.
Attorneys
Stay Up To Date with Ropes & Gray
Ropes & Gray attorneys provide timely analysis on legal developments, court decisions and changes in legislation and regulations.
Stay in the loop with all things Ropes & Gray, and find out more about our people, culture, initiatives and everything that’s happening.
We regularly notify our clients and contacts of significant legal developments, news, webinars and teleconferences that affect their industries.