01:55 PM EST, 01/28/2025 (MT Newswires) -- Health care stocks fell Tuesday afternoon with the NYSE Health Care Index shedding 0.5% and the Health Care Select Sector SPDR Fund (XLV) down 0.4%.

The iShares Biotechnology ETF (IBB) was little changed, erasing earlier gains.

In corporate news, Surgery Partners ( SGRY ) shares jumped 18%. Bain Capital Partners delivered a non-binding proposal late Monday to Surgery Partners' ( SGRY ) board proposing to buy the remaining shares for $25.75 apiece in cash.

Silexion Therapeutics ( SLXN ) shares surged 79% after the company reported "promising" preclinical data from its tumor drug candidate, SIL-204, in mice.

Trinity Biotech ( TRIB ) shares jumped 53% after the company said the latest pre-pivotal trial for its continuous glucose monitoring technology yielded "breakthrough" results.