01:40 PM EDT, 08/23/2024 (MT Newswires) -- (Updates with additional information throughout.)

TPG (TPG) and UnitedHealth Group ( UNH ) have separately shown initial interest in buying Surgery Partners ( SGRY ) , Bloomberg News reported Friday, citing people with knowledge of the matter.

The companies join private equity firms and other interested strategic bidders. Surgery Partners ( SGRY ) currently has a market value of $3.9 billion, the report added.

The talks are in the initial stages and may not result in a deal, the report said. Bain Capital is Surgery Partners' ( SGRY ) largest stakeholder, with a 39% share.

Bloomberg had reported earlier that Surgery Partners ( SGRY ) engaged a financial advisor to assess options, including a potential sale.

TPG, UnitedHealth Group ( UNH ), Surgery Partners ( SGRY ), and Bain Capital didn't immediately reply to MT Newswires' request for comments.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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