From Pulse 2.0 · Amit Chowdhry · · 1m 10s
HealthSpan Raises Merger Offer To $25 Per Share
HealthSpan Partners increases merger offer to $25 per share, potentially valuing deal at $6 billion.
In brief
HealthSpan Partners increases merger offer to $25 per share, potentially valuing deal at $6 billion. HealthSpan Partners raised its merger offer to $25 per share for Surgery Partners, with total enterprise value up to $6 billion. Originally reported by Pulse 2.0.
Merger Offer Update
Surgery Partners and HealthSpan Partners amended their merger agreement to increase cash consideration for shareholders to $25 per share.
Transaction Timeline
The deal could close by October 23, 2027, with additional payments for shareholders if delayed beyond March 1, 2027.
Competing Proposal
A competing bidder offered $28 per share but Surgery Partners' committee deemed it less certain than the HealthSpan deal.
Shareholder Payments
Eligible shareholders receive monthly payments of 10% annually on $25 per share if the deal closes after March 1, 2027.
Bain Capital Agreement
Bain Capital, owning 39% of Surgery Partners, will exchange shares for ownership in HealthSpan Partners post-merger.
Deal Value
The transaction could reach up to $6 billion in enterprise value, with closing expected in early 2027.
What to remember
HealthSpan Partners raised its merger offer to $25 per share for Surgery Partners, with total enterprise value up to $6 billion.
