SURGERY PARTNERS, INC. and Bain Capital Conclude Discussions

Surgery Partners (NASDAQ:SGRY) announced that discussions with Bain Capital regarding their proposal to acquire remaining outstanding shares have concluded without a deal. The Independent Committee determined that the company's prospects as a public entity exceeded Bain's proposal value. Surgery Partners reaffirmed its 2025 financial guidance, projecting revenues of $3.30-3.45 billion and Adjusted EBITDA of $555-565 million. The company plans to host an Investor Day in H2 2025 to present its growth strategy. Management expressed confidence in the company's positioning in the outpatient surgical care market, citing strong Q1 performance, favorable surgical trends, and a positive regulatory landscape. Bain Capital, while unable to reach agreement terms, remains optimistic about Surgery Partners' business and will continue as long-term investors.

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