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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 companies agency.
PE agency TPG (TPG) and UnitedHealth (UNH) have individually expressed preliminary interest in Surgery Partners (SGRY), in response to a Bloomberg report on Friday, which cited individuals accustomed to the matter. The firm can be seeing interest from different buyout retailers and strategics.
Talks are stated to be at an early stage, and there is not 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