{"schema_version":"secwatch.filing_event.v1","accession":"0001638833-26-000085","form_type":"8-K","ticker":"SGRY","cik":"0001638833","company_name":"Surgery Partners, Inc.","filed_at":"2026-09-17T13:03:06+00:00","discovered_at":"2026-09-17T13:04:16.333159+00:00","generated_at":"2026-09-17T13:04:25.343691+00:00","sec_items":["2.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.9,"calibrated_materiality_score":0.9,"confidence":"high","headline":"Surgery Partners closes $797M sale of Idaho Falls hospitals to Intermountain; updates guidance","bullets":["Closed sale of Idaho Falls hospitals to Intermountain Health for $797M gross / $587M net cash proceeds; $1.15B enterprise value.","Multiples: ~7x LTM adjusted EBITDA and ~17x avg 3-yr distributions; proceeds primarily to pay down debt.","Leverage expected to improve 30bps from 4.4x at Q2 2026; transaction accretive to adjusted earnings growth annually.","FY2026 guidance: revenue $3.08-3.18B, adj. EBITDA ≥$489M; ex-Idaho Falls pro forma: revenue $2.60-2.67B, adj. EBITDA ≥$414M.","Portfolio streamlining: 50% cut in Medicaid payor mix, 100% exit from obstetrics/neonatology, 75% fewer non-surgical admissions."],"urls":{"canonical":"https://secwatch.observer/filing/0001638833-26-000085","json":"https://secwatch.observer/filing/0001638833-26-000085.json","markdown":"https://secwatch.observer/filing/0001638833-26-000085.md","text":"https://secwatch.observer/filing/0001638833-26-000085.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1638833/000163883326000085/0001638833-26-000085-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1638833/000163883326000085/sgry-20260914.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-09-17T13:04:25.343691+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}