Surgery Partners, Inc. has announced an amendment to its merger agreement with HealthSpan Partners, an affiliate of Bon Secours Mercy Health. This revised agreement comes after Surgery Partners received an unsolicited competing proposal from a third party. The all-cash transaction is now valued at an enterprise value of up to approximately $6 billion.

The amendment includes updated financial terms that were detailed in a press release issued on November 9, 2026. Surgery Partners' Board of Directors and a Special Committee evaluated both the unsolicited proposal and the updated offer from HealthSpan Partners. They concluded that the amended agreement is the best option for the company and its stakeholders.

Eric Evans, CEO of Surgery Partners, expressed confidence in the revised agreement, stating that it validates the company’s business and partnership model. He highlighted the strength of their physician and health system partnerships, as well as their commitment to providing exceptional patient care.

The transaction is anticipated to close in the first quarter of 2027, subject to approval from Surgery Partners' stockholders and necessary regulatory approvals. This acquisition underscores the competitive nature of the healthcare services industry, as companies seek to enhance their market positions through strategic mergers and acquisitions.

Founded in Brentwood, Tennessee, Surgery Partners operates within the services-general medical and surgical hospitals sector, classified under SIC code 8062. The company trades on the Nasdaq under the ticker symbol SGRY. Recent filings indicate that Surgery Partners is a large accelerated filer, which may influence the scrutiny and process surrounding the merger.

As part of the ongoing process, Surgery Partners plans to file a definitive proxy statement with the SEC, which will provide further details regarding the merger and the implications for stockholders. Stakeholders are encouraged to review these documents carefully once available, as they will contain important information regarding the transaction.

In the wake of this announcement, Surgery Partners has urged employees to refrain from commenting to the media or investors regarding the merger. The company remains focused on delivering quality care and maintaining its operational standards during this transition period.

With the healthcare sector continually evolving, this merger represents a significant development for Surgery Partners and its stakeholders. The company’s leadership is optimistic about the future and the potential benefits the merger could bring to their operations and patient care.