---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-006658"
form_type: "8-K"
ticker: "SGRY"
cik: "0001638833"
company_name: "Surgery Partners, Inc."
filed_at: "2025-01-28T23:59:59+00:00"
generated_at: "2026-05-27T08:23:18.223991+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Surgery Partners receives $25.75/share buyout proposal from Bain Capital; Bain owns ~39%

## Summary
- Bain Capital proposes to acquire all outstanding shares not already owned for $25.75 per share in cash.
- Bain Capital and affiliates own approximately 39% of Surgery Partners' outstanding common stock.
- A Special Committee of independent directors will evaluate the proposal with advisors.
- Any transaction subject to non-waivable condition requiring majority approval of shares not owned by Bain.
- Proposal is non-binding; no assurance that a definitive agreement will be reached.

## SEC filing metadata
- accession: 0001104659-25-006658
- form_type: 8-K
- ticker: SGRY
- cik: 0001638833
- company_name: Surgery Partners, Inc.
- filed_at: 2025-01-28T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1638833/000110465925006658/0001104659-25-006658-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1638833/000110465925006658/tm254726d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-006658
- JSON: https://secwatch.observer/filing/0001104659-25-006658.json
- Plain text: https://secwatch.observer/filing/0001104659-25-006658.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.