Sign up for our daily briefing
Make your busy days simpler with Axios AM/PM. Catch up on what's new and why it matters in just 5 minutes.
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Catch up on coronavirus stories and special reports, curated by Mike Allen everyday
Denver news in your inbox
Catch up on the most important stories affecting your hometown with Axios Denver
Des Moines news in your inbox
Catch up on the most important stories affecting your hometown with Axios Des Moines
Minneapolis-St. Paul news in your inbox
Catch up on the most important stories affecting your hometown with Axios Twin Cities
Tampa Bay news in your inbox
Catch up on the most important stories affecting your hometown with Axios Tampa Bay
Charlotte news in your inbox
Catch up on the most important stories affecting your hometown with Axios Charlotte
Sue Ogrocki / AP
Surgery Partners, a publicly traded chain of outpatient surgery centers, is acquiring its smaller competitor National Surgical Healthcare for $760 million, the two companies said Wednesday. The private-equity arm of Bain Capital is giving Surgery Partners the money for the deal and in exchange will take a majority stake in the company currently held by private-equity firm H.I.G. Capital.
Why this matters: Surgery Partners will own 125 surgery centers and specialty hospitals across the country, and a handful of private-equity backers are getting rich off the deal. These facilities are attracting investors because there's a lot of money to be made in the surgery center business.