---
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"
generated_at: "2026-09-17T13:04:25.343691+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Surgery Partners closes $797M sale of Idaho Falls hospitals to Intermountain; updates guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001638833-26-000085
- JSON: https://secwatch.observer/filing/0001638833-26-000085.json
- Plain text: https://secwatch.observer/filing/0001638833-26-000085.txt

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