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 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.
