Reported Earlier: Surgery Partners Rejects Bain Capital Buyout Proposal, Citing Ability To Continue Implementing Its Established Long-Term Growth Algorithm And Disciplined Business Execution To Enhance Shareholder Value

Surgery Partners, Inc. (NASDAQ:SGRY) ("Surgery Partners" or the "Company"), a leading short-stay surgical facility owner and operator, today announced that a Special Committee of independent directors of the Board (the "Independent Committee") and Bain Capital Private Equity, LP ("Bain Capital") have concluded discussions related to Bain Capital's non-binding proposal to acquire all the outstanding shares of Surgery Partners not already owned by Bain Capital (the "Proposal").

The Independent Committee, after considering the Proposal and with the assistance of independent financial and legal advisors, ultimately determined that Surgery Partners' prospects to deliver long-term growth and value creation as an independent publicly traded company exceeded the value of the Proposal. The Independent Committee's conclusion demonstrates its ongoing confidence in the Company's ability to continue implementing its established long-term growth algorithm and disciplined business execution to enhance shareholder value.