Surgery Partners jumps after report of interest from UnitedHealth, TPG
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Surgery Partners (NASDAQ:SGRY) quickly gained 16% after a report that TPG In. (TPG) and UnitedHealth (UNH) are among suitors interested in the healthcare services firm.
PE firm TPG (TPG) and UnitedHealth (UNH) have separately expressed preliminary interest in Surgery Partners (SGRY), according to a Bloomberg report on Friday, which cited people familiar with the matter. The company is also seeing interest from other buyout shops and strategics.
Talks are said to be at an early stage, and there’s no certainty that any deal will happen.
The latest news comes after Bloomberg reported last month that Surgery Partners (SGRY) was exploring options, including a potential sale.
Surgery Partners (SGRY) has a market cap of $3.6 billion. PE firm Bain Capital is the firm’s largest holder with a 39% stake.