Surgery Partners to be Acquired by Spyglass Topco for $23.50 Per Share

Surgery Partners, Inc. (SGRY) announced it has entered into a definitive Agreement and Plan of Merger to be acquired by Spyglass Topco, LLC. Upon completion of the transaction, Surgery Partners will become a wholly-owned subsidiary of Spyglass Topco.

Key Details

• Transaction Terms: Stockholders will receive $23.50 in cash for each share of SGRY common stock they hold. The agreement was signed on October 23, 2026.
• Acquirer & Guarantor: The acquiring entity is Spyglass Topco, LLC, with Bon Secours Mercy Health, Inc. acting as a guarantor for certain obligations of the acquirer.
• Termination Fee: The agreement includes a termination fee of $108,986,842 payable by Surgery Partners to Spyglass Topco under specified circumstances.
• Closing Conditions: The merger is subject to customary closing conditions, including approval by Surgery Partners' stockholders and the expiration of the waiting period under the HSR Act. The transaction is not subject to a financing condition.