secwatch.observer — SEC 8-K summary
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Issuer:     Surgery Partners, Inc. (SGRY)
CIK:        0001638833
Form:       8-K
Filed at:   2026-10-26T13:03:42+00:00
Accession:  0001104659-26-118643
Event type: m_and_a
Sentiment:  positive
Materiality: 0.92
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Surgery Partners to be taken private by HealthSpan Partners at $23.50/share in cash
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- Merger Agreement dated October 23, 2026: Spyglass Merger Subsidiary merges into Surgery Partners; each share converts to $23.50 cash, no interest.
- Parent is Spyglass Topco, LLC; Bon Secours Mercy Health, Inc. is guarantor, and HealthSpan Partners (a Parent/Guarantor affiliate) joined the October 26, 2026 press release.
- BCPE Seminole Holdings funds roll their shares into Parent equity instead of taking cash and agreed to vote in favor under a Voting and Support Agreement.
- Company termination fee is $108,986,842; outside End Date is July 23, 2027; closing needs majority-of-outstanding plus majority-of-disinterested stockholder votes and HSR clearance.
- Parent has a debt commitment letter for the financing, and consummation is not conditioned on financing.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1638833/000110465926118643/0001104659-26-118643-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1638833/000110465926118643/tm2628254d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-118643

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