BUZZ - Reports suggest Bon Secours is about to reach a takeover agreement, sending Surgery Partners shares higher

October 26 - ** Shares of surgical center operator Surgery Partners (SGRY.O) rose 20.83% in pre-market trading to $19.00

** According to the Financial Times on Sunday, U.S.-based nonprofit health system Bon Secours Mercy Health is in the final stages of talks to acquire a majority stake in SGRY, a deal that would value SGRY (including debt) at around $6 billion (link)

** The Financial Times reported that private equity group Bain Capital, which has held a minority stake since 2017, will retain nearly 40% of its stake in SGRY in the privatization deal at about $20 per share

** Bon Secours Mercy Health and Surgery Partners did not respond to Reuters’ requests for comment

** As of the close of the previous trading day, SGRY stock had gained about 2% so far this year

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