Surgery Partners (SGRY) rallied nearly 50% on Monday morning after HealthSpan Partners agreed to take it private in a deal valued at about $5.7 billion, including debt. The cash offer assigns a price of $23.50 to each SGRY share, representing an exciting 49% premium on its previous close.
Following today’s meteoric run, Surgery Partners shares are trading at more than 2x their price in late March.