/PRNewswire/ -- Ziegler, a specialty investment bank, is pleased to announce that it served as the exclusive financial advisor to Preferred Vascular Group...

Surgery Partners announced that its subsidiary, Surgery Center Holdings, priced $425 million of 7.250% senior unsecured notes due 2032 in a private offering. The notes will be issued as part of the same series as $800 million of notes originally issued in April 2024. The offering is expected to close on 16 December 2025, subject to customary conditions. The notes will be guaranteed by each domestic wholly-owned subsidiary of the issuer that guarantees obligations under its senior secured credit facilities. Surgery Partners intends to use net proceeds for general corporate purposes, including repaying outstanding borrowings under its revolving credit facility. The Brentwood, Tennessee-based company operates over 200 healthcare locations across 30 states, including ambulatory surgery centres and surgical hospitals.

Surgery Partners received a proposal from Bain Capital Private Equity to acquire all outstanding shares for $25.75 per share. Bain Capital and affiliates currently own about 39% of the company's stock. A special committee will review the proposal, which requires majority shareholder approval and independent director consent. The offer is non-binding, and other interested buyers include Optum and other private equity firms. Surgery Partners operates over 160 centers with 4,600 physicians.