In November, Brentwood, Tenn.-based Surgery Partners snagged $45 million in a settlement against HIG Capital and Bain Capital Investors over a $760 million acquisition of an ASC in 2017.
During the settlement hearing Feb. 11, a judge approved the $45 million settlement and awarded the two firms the full amount they sought.
The settlement resolves a suit filed after Surgery Partners acquired National Surgical Healthcare allegedly using arrangements that led to an unfair price for public stockholders.
At the Becker's 23rd Annual Spine, Orthopedic and Pain Management-Driven ASC + The Future of Spine Conference, taking place June 18–20 in Chicago, spine surgeons, orthopedic leaders and ASC executives will come together to explore minimally invasive techniques, ASC growth strategies and innovations shaping the future of outpatient spine care. Apply for complimentary registration now.
