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Surgery Partners (NASDAQ:SGRY) shortly gained 18% after a report that TPG In. (TPG) and UnitedHealth (UNH) are amongst suitors within the healthcare providers agency.
PE agency TPG (TPG) and UnitedHealth (UNH) have individually expressed preliminary interest in Surgery Partners (SGRY), in accordance with a Bloomberg report on Friday, which cited folks aware of the matter. The firm can be seeing interest from different buyout retailers and strategics.
Talks are mentioned to be at an early stage, and there isn’t any certainty that any deal will occur.
The newest information comes after Bloomberg reported final month that Surgery Partners (SGRY) was exploring choices, together with a possible sale.
Surgery Partners (SGRY) has a market cap of $3.6 billion. PE agency Bain Capital is the agency’s largest holder with a 39% stake.
Source: Seekingalpha