# HealthSpan Raises Merger Offer To $25 Per Share

> HealthSpan Partners increases merger offer to $25 per share, potentially valuing deal at $6 billion.
- Title: HealthSpan Raises Merger Offer To $25 Per Share · Pulse 2.0
- Summary: HealthSpan Partners increases merger offer to $25 per share, potentially valuing deal at $6 billion.
- Keywords: healthspan partners, surgery partners, merger offer, 25 per share, 6 billion deal, bain capital, outpatient surgical facilities, Pulse 2.0
- Source: Pulse 2.0 — https://pulse2.com/surgery-partners-healthspan-partners-raises-merger-offer-to-25-per-share-in-deal-valued-at-up-to-6-billion
- Author: Amit Chowdhry
- Published: 2026-11-09T20:32:21+00:00
- Read time: 1 min
- Topics: healthspan partners, surgery partners, merger offer, 25 per share, 6 billion deal, bain capital, outpatient surgical facilities, startups, business
## 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.
## Key takeaway

HealthSpan Partners raised its merger offer to $25 per share for Surgery Partners, with total enterprise value up to $6 billion.