-Bain Capital Private Equity has proposed to acquire the remaining shares of surgical facility operator Surgery Partners (NASDAQ:SGRY) it does not already own for $25.75 apiece, a filing showed on Tuesday.
Bain Capital has a 39% stake in the company, according to LSEG data.
Shares of Surgery Partners rose 19.9% to $25.49 in early trading.
The proposed offer represents a 21.2% premium to the company's last closing price.
Bloomberg News had previously reported that TPG Inc and UnitedHealth Group (NYSE:UNH) were among suitors seeking to buy the company.
The report also said that Surgery Partners was drawing interest from other private equity firms and strategic bidders.
Bain Capital and Surgery Partners did not immediately respond to Reuters requests for comment.
