ACQUIRED · 2025
Who Acquired Surgery Partners?
Bain Capital · $6.30B· 12.4× EBITDA
The acquisition
Surgery Partners was acquired by Bain Capital in 2025 for $6.30B. The deal was priced at 12.4× EBITDA / 2.00× revenue.
Surgery Partners at time of acquisition
Revenue
$3114.3M
EBITDA
$508.2M
Deal value
$6.30B
EV / EBITDA
12.4×
Other acquisitions by Bain Capital
Recent transactions by the same buyer — useful for understanding their playbook and what they typically pay.
- HealthEdge · 2025 · $2.60B · 30.2× EBITDA
- Classys, Inc. · 2022 · $920.4M · 19.0× EBITDA
- RedCard/Zelis · 2019 · $5.70B · 19.0× EBITDA
Similar ambulatory surgery center acquisitions
- Advanced Surgery Center · acquired by EMU Health in 2025 · $3.1M
- AmSurg · acquired by Ascension Health in 2025 · $3.90B
- New York Surgery Center Queens · acquired by Physicians in 2025 · $25.0M
- OrthoNY Ambulatory Surgery Center - Albany · acquired by Physicians in 2025 · $15.2M
- Advanced Surgery Center · acquired by Physicians in 2024 · $2.0M
Run a valuation for a similar ambulatory surgery center business
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Sourced from Press release and earnings release. Full deal page.
Citation: ExitValue.ai. (2025). Surgery Partners acquired by Bain Capital. https://exitvalue.ai/acquired/surgery-partners