M&A TRANSACTION · 2025
Surgery Partners acquired by Bain Capital
$6.30B· 12.4x EBITDA· 2.00x revenue
Target
Surgery Partners
Acquirer
Bain Capital
Private Equity buyer
Disclosed financials at time of acquisition
Revenue
$3114.3M
EBITDA
$508.2M
Deal Value
$6.30B
EV/EBITDA
12.4x
Context
This $6.30B acquisition of Surgery Partners by Bain Capital sits in the ambulatory surgery center sub-vertical. The 12.4x EBITDA multiple paid in 2025 can be compared against the population median for ambulatory surgery center transactions of similar size on our Ambulatory Surgery Center valuation hub. Bain Capital is acquiring as a private equity buyer; see how PE acquirers typically price ambulatory surgery center businesses on our Ambulatory Surgery Center PE buyer-pool page.
Source
Data sourced from Press release and earnings release. All figures reflect disclosed values at the time of the acquisition; no estimated or imputed data. Methodology
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