Why Did Surgery Partners Plunge 12.26% After Rejecting Bain Capital Offer?

On June 17, 2025, Surgery Partners' stock experienced a significant drop of 12.26% in pre-market trading, marking a notable decline in investor sentiment towards the healthcare services company.

Surgery Partners, Inc. has recently rejected a take-private offer from Bain Capital. This decision has sparked considerable attention and speculation within the industry. The company, which operates a national network of surgical facilities and ancillary services, has been under scrutiny for its strategic direction and financial performance. The rejection of the offer suggests that Surgery Partners' management is confident in the company's independent prospects and may be exploring other avenues for growth and value creation.

Surgery Partners' network includes over 180 locations across 33 states, encompassing ambulatory surgery centers, short-stay surgical hospitals, and multi-specialty physician practices. The company's focus on surgical services in the United States positions it as a key player in the healthcare sector. The rejection of the take-private offer may indicate that the company is prioritizing long-term strategic initiatives over immediate financial gains, which could have implications for its future performance and market position.