---
schema_version: "secwatch.filing_event.v1"
accession: "0001638833-25-000117"
form_type: "8-K"
ticker: "SGRY"
cik: "0001638833"
company_name: "Surgery Partners, Inc."
filed_at: "2025-06-17T23:59:59+00:00"
generated_at: "2026-05-19T04:39:57.589134+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Surgery Partners ends Bain Capital buyout talks; reaffirms 2025 guidance

## Summary
- Special Committee determined that remaining independent provides greater long-term value than Bain Capital's acquisition proposal.
- Company reaffirms 2025 revenue guidance of $3.30B-$3.45B and Adjusted EBITDA of $555M-$565M.
- Surgery Partners plans to host an Investor Day in H2 2025 to detail growth strategy.
- Bain Capital remains a long-term investor and collaborator despite no deal.

## SEC filing metadata
- accession: 0001638833-25-000117
- form_type: 8-K
- ticker: SGRY
- cik: 0001638833
- company_name: Surgery Partners, Inc.
- filed_at: 2025-06-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1638833/000163883325000117/0001638833-25-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1638833/000163883325000117/sgry-20250617.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001638833-25-000117
- JSON: https://secwatch.observer/filing/0001638833-25-000117.json
- Plain text: https://secwatch.observer/filing/0001638833-25-000117.txt

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