Jupiter Topco LLC acquired 13,882,155 shares of Surgery Partners, Inc. The new stake is valued at approximately $233.22 million. This purchase represents a 10.6% ownership stake as of the end of the second quarter.
Surgery Partners reported quarterly earnings on August 10th. The company exceeded consensus estimates for both revenue and earnings per share. Several hedge funds and investment groups also modified their holdings in the company. The capital influx signals institutional confidence in Surgery Partners' growth strategy.