News & Insights

The Bloom Organization Facilitates Sale of New York Endoscopy Center to Physicians Endoscopy

Posted on June 1st, 2017 by The Bloom Organization

The Bloom Organization announces its client, Great South Bay Endoscopy (GSBE), has been acquired by Physicians Endoscopy (PE).

GSBE, located in East Patchogue, N.Y., on Long Island, opened in 2014. At the time of the acquisition, which was finalized in May 2017, the endoscopy center had five physician owners who performed more than 5,000 cases annually. GSBE offers

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Posted in Transaction

West Coast Florida Medical Office Building Sold

Posted on January 31th, 2017 by The Bloom Organization

Today The Bloom Organization announced the sale of 100% ownership interest of a medical office building on the West coast of Florida.

As interest rates have remained low relative to historical levels, the value of commercial real estate has risen. Many physicians who own real estate have taken the opportunity to increase liquidity and reduce the amount of risk in their portfolio of investments.

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Surgery Center at Doral Partners with SCA

Posted on December 08th, 2016 by The Bloom Organization

Today The Bloom Organization announced the successful sale of a majority ownership interest in its client, Surgery Center at Doral, to Surgical Care Affiliates (“SCA”).

Located in Doral, Florida, the surgery center opened its doors in 2008. Since then, it has become a preeminent provider in both the worker’s compensation and international medical tourism space. The three (3) operating room facility specializes in orthopedic,

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Englewood GI Group Joint Ventures in New Endo Center

Posted on September 21th, 2016 by The Bloom Organization

The Bloom Organization today announced the closing of the Northern New Jersey Center for Advanced Endoscopy (“Center”). The Center is a joint-venture between The Gastroenterology Group of Northern New Jersey (“GGNNJ”), Physicians’ Endoscopy and Englewood Hospital and Medical Center.

The 10,000 square foot, state-of-the-art endoscopy center was opened in March 2016. The facility replaced and expanded the capacity of two, one-room endoscopy centers previously operated by GGNNJ. The Center plans to treat more than

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Southern California Anesthesia Practices Acquired by Sheridan, AMSURG’s Physician Services Division

Posted on September 19th, 2016 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the sale of its three clients, Ambulatory Anesthesia Associates, Genesis Anesthesia Services, and Beach Cities Pain Management Group; to Sheridan, the Physician Services division of AMSURG Corp (NASDAQ: AMSG). The combined anesthesia provider group employs 27 physicians covering 6 independent facilities; 5 surgery centers and Marina Del Rey Hospital.

The transactions were complicated and took great effort by

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Surgery Center Lease Completed

Posted on September 16th, 2016 by The Bloom Organization

Today The Bloom Organization announced the signing of a lease for an unoccupied endoscopy center in northern New Jersey. Bloom’s client, Advanced Gastroenterology of Bergen County, engaged The Bloom Organization to assist with monetizing its endoscopy center as the group expanded its business to a larger facility.

The moratorium imposed on the building of new 1-room ambulatory surgery centers in New Jersey, in addition to the state’s efforts to

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Posted in Transaction

San Diego Surgery Center Completes Health System JV

Posted on September 10th, 2016 by The Bloom Organization

The Bloom Organization has announced a majority ownership sale of Surgical Center of San Diego (“SCSD”) to a health system joint-venture.

SCSD is a multi-specialty surgery center. The state-of-the-art 5 operating room, 12,500 square foot facility has

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Port Charlotte Surgery Center Enters JV with USPI

Posted on September 2nd, 2016 by The Bloom Organization

oday The Bloom Organization announced a majority ownership sale by its client, Charlotte Endoscopic Surgery Center, to United Surgical Partners. The 5,500 square foot facility has 1 operating room and 2 endoscopy rooms.

The transaction comes a little more than a year following Tenet’s

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Posted in Transaction

SW Florida Endoscopy Center Partners with USPI

Posted on March 08th, 2016 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 60% ownership interest sale of its client, Cape Health Surgery Center (“CHSC”), to United Surgical Partners International (“USPI”).

CHSC is located in Cape Coral, Florida, which is a part of Lee County. The endoscopy center has three (3) physician owners that began operations in 2012. The 5,428 square foot facility, consisting of two (2) endoscopy rooms and one (1) operating room, sees more than 7,000 GI patients annually.

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Texas Reference Laboratory Engages The Bloom Organization

Posted on February 08th, 2016 by The Bloom Organization

The Bloom Organization has been engaged to explore strategic partnership opportunities in the market for a Texas based reference laboratory. The lab provides toxicology and genetic testing and has a proprietary patent pending validity test. The lab was founded by a practicing pain physician and serves physicians nationwide including pain physicians, family practice, internal medicine, psychiatry, addiction specialists and recovery centers. Continue reading >

Posted in Engagement

4 Operating Room Surgery Center for Sale in New Jersey

Posted on February 1st, 2016 by The Bloom Organization

The Bloom Organization has been engaged to sell the assets of a licensed, four (4) operating room ambulatory surgery center in northern New Jersey. Completed in 2010, the state-of-the-art facility offers a rare opportunity to own a licensed surgery center in a state where a moratorium has been placed on the construction of new ASCs without a hospital partner.

To find out more, please contact us at 305-974-0700.

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Surgery Center Commercial Real Estate in Florida

Posted on January 20th, 2016 by The Bloom Organization

The Bloom Organization has been engaged by the physician owners of a commercial real estate property on the West coast of Florida. The physicians are seeking to monetize their investment in a single-purpose freestanding surgery center. The property is under a Continue reading >

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Multi-Specialty ASC Owned by Physicians and USPI Partners with Providence Health and Services

Posted on January 15th, 2016 by The Bloom Organization

The Bloom Organization (“Bloom”) announces an ownership interest sale of its client, Coast Surgery Center (“CSC”), to Providence Health System and United Surgical Partners International (“USPI”).

CSC is located in Torrance, California, a coastal city in 

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NJ Endoscopy Center Partners with Health System

Posted on January 1st, 2016 by The Bloom Organization

The Bloom Organization (“Bloom”) announces an ownership interest sale of its client, Coast Surgery Center (“CSC”), to Providence Health System and United Surgical Partners International (“USPI”).

CSC is located in Torrance, California, a coastal city in

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Two San Francisco Bay Area ASCs Engages Bloom

Posted on November 18th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by the partners of two (2) California multi-specialty ASCs to explore strategic partnership opportunities. The surgical specialties offered at these facilities include orthopedics, pain management, spine, plastics, ENT, and podiatry. The centers are located across the street from one another totaling 17,600 square foot with 5 operating rooms and 1 procedure room. Continue reading >

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New Jersey ASC Engages The Bloom Organization

Posted on October 30th, 2015 by The Bloom Organization

The Bloom Organization has been engaged to identify potential buyers for a bankruptcy sale of an ASC in northern New Jersey’s assets. The center is approximately 4,000 sq. ft. with (1) exam room, (1) operating room, (1) pre-op room and (1) recovery room all fully equipped. Continue reading >

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Florida Group Engages The Bloom Organization

Posted on October 29th, 2015 by The Bloom Organization

A Pain Management group with offices throughout Florida has engaged the Bloom Organization to identify strategic partnerships. The practice is equipped to provide services for numerous pain treatments for acute, sub-acute and chronic or end-stage pain. The group consists of 4 physicians whom are all double board certified and fellowship trained. Continue reading >

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What is the effective multiple?

Posted on October 12th, 2015 by The Bloom Organization

ASC companies and health-system buyers alike deliver real value to a surgery center partnership. Often times, that value is immediate and measurable. The 3 things we see most often are as

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Northern New Jersey ASC Engages The Bloom Organization

Posted on September 25th, 2015 by The Bloom Organization

Physician owners of a New Jersey multi-specialty surgery center have engaged The Bloom Organization to explore strategic partnership opportunities in the market. The ASC has 14 physician owners and is equipped to provide services for a number of specialties including chiropractic care, urology, podiatry, pain management, orthopedics, spine and oral surgery. Continue reading >

Posted in Engagement

California Practice Engages The Bloom Organization

Posted on September 15th, 2015 by The Bloom Organization

A California practice has engaged The Bloom Organization to identify strategic partnership opportunities in the market. Originating in Northern California in 1985, the practice continues to grow and expand as they approach their fourth decade of serving the Workers’ Compensation community. Their team of orthopedic, physiatry, internal medicine, cardiology, podiatry and chiropractic QMEs as well as treatment specialists that all maintain current knowledge regarding the always complex and ever-changing field of California Work Comp legislation. Continue reading >

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Michigan ASC Engages The Bloom Organization

Posted on September 07th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by the physician owner of a Michigan ophthalmology center to identify strategic partnership opportunities in the market. The 7,395 square foot facility was constructed in 2010 with the first case being performed in August 2011. The nine (9) board-certified ophthalmologists perform over 4,000 surgical cases annually. Continue reading >

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Florida Ophthalmology Center Engages The Bloom Organization

Posted on August 18th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by a Florida ophthalmology center to identify strategic partnership opportunities in the market. The center was founded in 1992 and has been serving patients in northeast Florida for 20 years. Together, this group of physicians has more than 150 years of experience and has an outstanding record of success in assisting patients in the community. Continue reading >

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Henry Bloom to Speak at New York Metro ASC Symposium

Posted on July 31th, 2015 by The Bloom Organization

Henry Bloom, Founder and President of The Bloom Organization, will be speaking at the 2nd Annual Garfunkel Wild’s NY Metro ASC Symposium on October 15th at the New York Marriot Marquis. This is the only ambulatory surgery center conference in New York City. This year’s unique sessions will address the most current and critical business, legal, regulatory and clinical issues facing ASCs.

To learn more about the 2nd Annual Garfunkel Wild’s NY Metro ASC Symposium, please visit www.nymetroasc.com.

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Posted in Event

Millburn Surgical Center Completes Sale to AmSurg

Posted on July 28th, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Surgical Center at Millburn (“SCM”), to AmSurg (NASDAQ: AMSG).

SCM is located in the central New Jersey town of Millburn where it was built and commissioned in 2003. SCM is a fully licensed and accredited multi-specialty facility. There are two pre-operative stations, two operating rooms, six recovery beds and one procedure room. Surgical specialties performed at SCM include pain management, orthopedics, podiatry, and hand surgery.

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Pennsylvania Eye Center Engages The Bloom Organization

Posted on July 22th, 2015 by The Bloom Organization

Physician owners of a Pennsylvania ophthalmology ASC have engaged The Bloom Organization to explore the market for strategic partnership opportunities. The surgical center has performed over 23,000 ophthalmic procedures since 2005. Continue reading >

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Bill Simon Joins The Bloom Organization

Posted on June 27th, 2015 by The Bloom Organization

The Bloom Organization is excited to announce the newest addition to their team, Bill Simon. As Senior Vice President, Mr. Simon will represent ambulatory surgery center physician owners in negotiating partnerships with national ASC management companies, local, regional and national health systems, and other ASC investors. Mr. Simon’s focus will be on surgery centers in the Western United States.

Mr. Simon has 20 years of experience in ASC development, management, and syndication. In 1991, he developed his first project, the Pain & Rehabilitation Medical Group, an outpatient rehabilitation facility located in the South Bay of Los Angeles. ASCs founded by Mr. Simon include: Coast Surgery

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The Bloom Organization to Speak at West Coast ASC Seminar

Posted on June 22th, 2015 by The Bloom Organization

The Nossaman’s 2nd Annual West Coast Ambulatory Surgery Center Seminar will take place on Tuesday, October 6, 2015 at City Club Los Angeles. There will be seasoned industry experts speaking at the event including Henry Bloom, Founder and President of The Bloom Organization. Mr. Bloom will be addressing trends in ASC Mergers and Acquisitions.

For registration information and additional details, visit www.nossaman.com/2ndAnnualWestCoastASCSeminar.

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California ASC Partners with AmSurg

Posted on June 3rd, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Campus Surgery Center (“CSC”), to AmSurg (NASDAQ: AMSG).

CSC is located in just south of San Francisco in Daly City, the largest city in San Mateo County. The surgery center has been in

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Palo Alto ASC Completes Sale to AmSurg

Posted on June 3rd, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Waverley Surgery Center (“WSC”), to AmSurg (NASDAQ: AMSG).

WSC is located in the highly sought after downtown area of Palo Alto, CA. The core ownership group at WSC consists of physicians that have developed thriving private practices in a market with large health system presence. The surgery center sees more than 6,000 patients every year in its 10,000 square foot, 6 room facility.

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SurgiCare of Central Jersey Completes Sale to SCA & Virtua Joint Venture

Posted on June 1st, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, SurgiCare of Central Jersey (“Surgicare”), to a joint-venture of Surgical Care Affiliates (“SCA”) and Virtua.

Surgicare is located in Watchung, New Jersey, which is part of Somerset County. The surgery center has been in business longer than most surgery centers in the state, opening its doors in

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Growing, Multi-specialty Surgery Center Partners with SCA

Posted on May 15th, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Franklin Surgical Center (“FSC”), to Surgical Care Affiliates (NASDAQ: SCAI).

Bloom assisted FSC to execute plans for expansion while simultaneously marketing the center to potential buyers. As the multi-specialty center expanded from

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New York Endoscopy Center Engages The Bloom Organization

Posted on April 18th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by a New York Endoscopy center to identify strategic partnership opportunities. The endoscopy center is operated by its physician owners and an ASC management company that oversees a number of surgery centers in the northeast. Continue reading >

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Florida Ophthalmology Center Engages The Bloom Organization

Posted on April 15th, 2015 by The Bloom Organization

The physician owner of a Tampa Bay Area ophthalmology center has engaged The Bloom Organization to identify strategic partnership opportunities in the market. Established in 2002, the surgery center has taken a regional leadership role in offering the highest standard of eye surgery, care, and expertise in the county. To date, there have been over 20,000 eye surgeries performed at the facility. Continue reading >

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SW Florida ASC Engages The Bloom Organization

Posted on April 07th, 2015 by The Bloom Organization

Physician owners of a Florida multi-specialty surgery center have engaged The Bloom Organization to explore strategic partnership opportunities in the market. The ASC surgical specialties offered are ophthalmology and endoscopy. The seven (7) physician owners perform over 4,200 outpatient surgical cases annually at their facility. Continue reading >

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Iowa ASC Partners with SCA & Trinity Joint Venture

Posted on April 05th, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Mississippi Valley Surgery Center & Endoscopy Center (“MVSC”), to a joint-venture of Surgical Care Affiliates* (“SCA”) and UnityPoint Health – Trinity** (“Trinity”), a statewide hospital system.

Mississippi Valley Surgery Center is made up of a large multi- 

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Ohio ASC Engages The Bloom Organization

Posted on April 3rd, 2015 by The Bloom Organization

Physician owners of an Ohio multi-specialty surgery center have engaged The Bloom Organization to explore strategic partnership opportunities in the market. The ASC has 17 physician owners that utilize the facility which opened for operations in June 1998. Continue reading >

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Seashore Surgical Institute Completes Sale to SCA & Virtua Joint Venture

Posted on April 1st, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Seashore Surgical Institute, LLC (“SSI”) to a joint-venture of Surgical Care Affiliates* (“SCA”) and Virtua**.

SSI was founded in 2003 by a group of surgeons looking to provide care that exceeded expectations of today’s educated healthcare consumer. SSI, which includes three (3) operating rooms and an exam room, is the largest 

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NJ Endoscopy Center Engages The Bloom Organization

Posted on March 19th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by a New Jersey endoscopy center to explore the market for strategic partnership opportunities. This endoscopy center, owned and operated by its six (6) physician owners, has been providing their community with quality patient care for ten years. Continue reading >

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Colorado ASC Engages The Bloom Organization

Posted on March 2nd, 2015 by The Bloom Organization

Physician owners of a Colorado ASC have engaged The Bloom Organization to identify strategic partnership opportunities in the market. The center began operations in 2000 and has evolved into a leading regional center for spine and pain management services. Continue reading >

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Southern California ASC Engages The Bloom Organization

Posted on February 17th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by the physicians of a southern California surgery center to explore strategic partnership opportunities in the market. This state-of-the-art facility is equipped to provide outpatient services for a number of surgical specialties including orthopedics, urology, and general surgery. Continue reading >

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Arizona Endoscopy Center Engages The Bloom Organization

Posted on February 07th, 2015 by The Bloom Organization

The Bloom Organization has been engaged by the physician owners of an Arizona endoscopy center to explore the market for strategic partnership opportunities. The facility was constructed in 2004 and performed its first case in December 2004. The center recently completed a renovation in March 2014 to add 1,600 square feet. The three (3) physician owners performs the majority of the 4,600 cases that are performed annually at the center. Continue reading >

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Lousiana Multi-Specialty ASC Completes Sale to Tenet

Posted on January 09th, 2015 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 56% ownership interest sale of its client, Advanced Surgical Concepts, LLC (“Advanced”) to Tenet Healthcare Corporation* (“Tenet”).

The 11,000 square foot multi-specialty facility has two operating rooms that are fully-equipped for general surgery, urology, and pain management surgical cases. Providers at the ASC include the pain management specialists, headed by Dr. Sandra Weitz of Comprehensive

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Specialty Surgery Center Completes Sale to SCA

Posted on December 15th, 2014 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 55% ownership interest sale of its client, Specialty Surgical Center, LLC (“Specialty”) to Surgical Care Affiliates* (“SCA”).

Specialty is a multi-specialty surgery center located in Sparta, New Jersey. Specialty performs over 2,500 outpatient surgical cases annually in its’ 8,000 sq. ft., cutting-edge facility. Surgical specialties operating at the surgery center include orthopedics, pain management, urology

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SW Florida Endoscopy Center Engages Bloom

Posted on November 21th, 2014 by The Bloom Organization

In Lee County, Florida, physician owners of an endoscopy center have engaged The Bloom Organization to explore strategic partnership opportunities in the market. The center has three (3) procedure rooms and has been owned and operated by gastroenterologists since November 2012. Continue reading >

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California Pain Center Engages The Bloom Organization

Posted on October 17th, 2014 by The Bloom Organization

The Bloom Organization has been engaged by the physicians of a southern California pain center to identify strategic partnership opportunities. The one (1) operating room, 3,400 sq. ft. facility was opened in early 2005.  Currently, there are five (5) physician owners. Continue reading >

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New Jersey Endoscopy Center Completes Sale to Virtua

Posted on August 12th, 2014 by The Bloom Organization

The Bloom Organization announced today the 60% ownership interest sale of its client, Freehold Endoscopy, LLC to Virtua.

Freehold Endoscopy, LLC (d.b.a The Endoscopy Center of Monmouth County, “ECMC”) is a Freehold, New Jersey endoscopy center owned by six gastroenterologists. The surgery center has seen more than 30,000 cases since opening its doors.

“Physician-owned ASCs aligning themselves with healthcare systems has become more frequent since the passing of the Affordable Care Act,” said Bob Goettling, Principal with

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California ASCs Engage Bloom

Posted on August 05th, 2014 by The Bloom Organization

An ASC developer has engaged The Bloom Organization to explore strategic partnership opportunities. This developer has ownership interest in multi-specialty surgery centers throughout California. Continue reading >

Posted in Commentary

NJ Multi-Specialty ASC Engages Bloom

Posted on July 25th, 2014 by The Bloom Organization

In Burlington County, New Jersey, physicians of a multi-specialty ASC has engaged The Bloom Organization to identify strategic partnership opportunities in the market. This one room center has been operating for fifteen years and performs outpatient care services in the specialties of orthopedics and pain management. Continue reading >

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New Jersey Multi-specialty ASC Completes Sale to USPI

Posted on July 16th, 2014 by The Bloom Organization

The Bloom Organization (“Bloom”) announced today the 56% ownership interest sale of its client, Surgical Center of Northwest Jersey (“SCNWJ”) to United Surgical Partners International (“USPI”).

SCNWJ is a multi-specialty surgery center located in Denville, New Jersey. The center performs approximately 4,000 cases per year in orthopedics, pain management, ENT, urology, podiatry, and spine.

SCNWJ was among the most successful surgery centers in New Jersey. “With an ASC as profitable as [SCNWJ], it takes industry knowledge to

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Central NJ ASC Engages The Bloom Organization

Posted on July 14th, 2014 by The Bloom Organization

A central New Jersey multi-specialty ASC has engaged The Bloom Organization to explore strategic partnership opportunities in the market. The ASC was built and began operations in 2003. The ASC has two operating rooms and a procedure room. The center conducts over 1,500 outpatient surgical cases annually in specialties that include orthopedics, podiatry, hand, and pain management. Continue reading >

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Oregon ASC Completes Sale to AmSurg

Posted on June 2nd, 2014 by The Bloom Organization

The Bloom Organization announced today the 51% ownership interest sale of its client, Bend Surgery Center, LLP (“BSC”) to AmSurg (NASDAQ: AMSG)*.

BSC is a large multi-specialty surgery center located in Bend, Oregon. It has performed over 100,000 surgical procedures since opening in 1997, has 4 operating rooms, 3 procedure rooms, 24 pre-op and post-op bays and

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Anesthesia Group Engages The Bloom Organization

Posted on May 30th, 2014 by The Bloom Organization

An anesthesia group has engaged The Bloom Organization to identify strategic partnership opportunities. Changes in the healthcare system and the uncertainty of the healthcare environment have been contributing factors to the rise of mergers and acquisitions of anesthesia groups throughout 2014. Small anesthesia groups have been fusing together to improve the chance of survival. Large groups, on the other hand, have been build partnerships to create added leverage against payers and to have access to more data that can assist in running a more efficient business.

 
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6th Annual NJ ASC Review: Thinking Forward

Posted on May 09th, 2014 by The Bloom Organization

On June 20th, Brach Eichler presents the 6th Annual NJ ASC Review: Thinking Forward seminar held at Revel Resort in Atlantic City. This seminar provides an opportunity for national and statewide ASC leaders to come together and discuss the latest issues affecting the industry.

Topics that will be discussed at the seminar include:

  •  Analysis of Hot Button Public Policy Issues Facing NJ ASCs
  • Is the Out-of-Network Model Viable?
  • Latest Trends in ASC Mergers and Acquisitions
  • The Future is Now – Alternative Reimbursement Structures for ASCs
  • Anatomy of the Sale of a Multi-Room ASC
  • What is your ASC Worth? and Latest Guidance on ASC Valuations

 Industry leaders that will be speaking at the seminar include AmSurg, The Bloom Organization, Surgical Care Affiliates, Virtua, and many more!

 For more information about the 6th Annual NJ ASC Review: Thinking Forward, visit http://www.bracheichler.com/

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NJ Multi-Specialty ASC Engages Bloom

Posted on April 29th, 2014 by The Bloom Organization

In New Jersey, the physicians of an outpatient care service provider have engaged The Bloom Organization to identify partnership opportunities in the market. The ASC offers specialties that include orthopedic, chiropractic, pain management, spine, urology, and gynecology. The physicians believe in quality of care paired with the best value in treatment, resulting in the ASC being a leader of outpatient care in the Northern New Jersey region. Continue reading >

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Two South Florida Endoscopy Centers Engage Bloom

Posted on April 22th, 2014 by The Bloom Organization

The Bloom Organization has been hired by two endoscopy centers in South Florida to assist in exploring strategic partnership opportunities for each center. Both endoscopy centers are part of Stop Colon Cancer Now, a community of 200 outpatient surgery centers and more than 700 physicians specializing in digestive tract treatment, including the prevention of colon cancer. Continue reading >

Posted in Transaction

USPI Acquires Majority Ownership Interest of NJ ASC

Posted on April 08th, 2014 by

The Bloom Organization announced today the sale of 55% ownership interest of their client, Somerset Ambulatory Surgical Center to United Surgical Partners International, Inc [USPI], a leader in ASC strategic partnering.

Somerset Ambulatory Surgical Center, LLC (“SASC”) is  a preeminent  multi-specialty ambulatory center that began operations in 2003.   Located in central New Jersey, SASC has 22 physician partners performing

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Posted in Transaction

New Jersey ASC Engages The Bloom Organization

Posted on April 1st, 2014 by The Bloom Organization

An Ocean County, NJ multi-specialty ambulatory surgery center has engaged The Bloom Organization to explore strategic partnership opportunities. This growing ASC conducted nearly 5,000 outpatient cases the past year in a variety of specialties such as ophthalmology, GI, plastic surgery, pain management, cardiology, and urology. The growth in case volume reflects the physician’s determination to provide the highest quality and compassionate care in the area.
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Iowa ASC Engages The Bloom Organization

Posted on February 26th, 2014 by The Bloom Organization

In Iowa, the physicians of an outpatient care service provider have engaged The Bloom Organization to identify partnership opportunities in the market. The physicians own two ambulatory surgery centers. Specialties of the surgery center include, but are not limited to, orthopedic, urology, pain management, and ophthalmology services. The physicians of the centers experience exceptional growth over recent years. Today, the physicians conduct over 9,000 outpatient cases annually. Continue reading >

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2014 McDermott Will & Emery ASC Symposium

Posted on February 26th, 2014 by The Bloom Organization

On Friday, February 21st, the 2014 McDermott Will & Emery ASC Symposium was held at the Fontainebleau Miami Beach. Over 300 individuals in the ASC industry were in attendance to hear the present and the future of ambulatory surgery centers, from the perspective of industry experts. ASCA, The Bloom Organization, USPI, Surgery Partners, Surgical Care Affiliates, and McDermott Will & Emery are just a few of the various organizations that presented the issues and trends. The attendees interacted with these industry experts, as well as one another, to gain further understanding and insights of the day’s discussions.

The event’s keynote speaker was former Florida Governor Jeb Bush. Governor Bush shared the political aspect of the industry and the implications that the government can have on ambulatory surgery centers. Governor Bush also commented on other intriguing political topics such as immigration and education reform.

Save the date! The 2015 MWE ASC Symposium is set for Friday, February 27, 2015 at the Fontainebleau Miami Beach! McDermott Will & Emery will provide further details this summer!

For more information about the 2014 MWE ASC Symposium, visit http://www.mwe.com/ASC-2014/.

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Pennsylvania Pain Center Engages Bloom

Posted on February 13th, 2014 by The Bloom Organization

An interventional pain center in Pennsylvania has approached The Bloom Organization to identify strategic partnership opportunities in the market. For nearly a decade, this ASC has been providing their patients with quality services by having an experienced physician staff and using top of the line technology. In the past year, this pain center increased the total of outpatient care services to approximately 8,000 cases. Continue reading >

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Virtua Health Acquires Majority Interest in NJ ASC

Posted on February 07th, 2014 by The Bloom Organization

Today The Bloom Organization announced the sale of majority interest in its client, Center for Ambulatory and Minimally Invasive Surgery (“CAMIS”) in Eatontown, NJ, to Virtua Health System (“Virtua”).

The partnership of Virtua and CAMIS is an example of a new trend in

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Posted in Transaction

Bloom Engages Northern New Jersey Multi-Specialty ASC

Posted on January 29th, 2014 by The Bloom Organization

A Somerset County, NJ multi-specialty surgery center has engaged The Bloom Organization to identify strategic partnership opportunities in the market. The physician-owned ASC offers outpatient care services specializing in pain management, urology, orthopedic surgery, facial plastic surgery and spine surgery. These physicians are committed to growth of the surgery center while providing quality and compassionate care to which the residents of Somerset County are accustomed. Continue reading >

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Edward Health Ventures Acquires Majority Interest Of Midwest Endoscopy Center

Posted on January 06th, 2014 by The Bloom Organization

The Bloom Organization announced today 55% ownership interest sale of its client, Midwest Endoscopy Center, LLC (“MEC”) located in Naperville, Illinois, to Edward Health Ventures, a subsidiary of Edward-Elmhurst Healthcare* (“Edward”).

MEC is a single-specialty ambulatory surgery center (“ASC”) founded by Drs. Dinesh Jain and Scott Berger that conducted its the first surgical case in August

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Posted in Transaction

South Carolina Multi-Specialty Surgery Center Engages Bloom

Posted on November 04th, 2013 by The Bloom Organization

A multi-specialty surgery center has engaged The Bloom Organization to explore strategic partnership opportunities. Since their first case performed in January of 2003, this center has been providing professional, friendly, and compassionate services to those in the northern South Carolina coastal regions. The ASC’s skilled and experienced physicians perform upwards of 4,000 cases annually, predominantly within urology and gastroenterology specialties. Continue reading >

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Surgery Center in Central New Jersey Engages Bloom

Posted on October 10th, 2013 by The Bloom Organization

A central New Jersey multi-specialty ambulatory center has hired The Bloom Organization to explore partnership opportunities. Primarily performing endoscopy and ophthalmology related procedures, this ASC services over 10,000 patients annually and is poised to grow its services for many years to come. Continue reading >

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Atlanta Endoscopy Centers Engage Bloom

Posted on October 3rd, 2013 by The Bloom Organization

The physician owners of two endoscopy surgery centers have engaged The Bloom Organization to explore strategic partnership opportunities. These physicians have been providing the communities surrounding south Atlanta with high quality and cost efficient patient-care services over the past 25 years. Continue reading >

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Ophthalmology Center of Excellence Partners with AmSurg

Posted on October 1st, 2013 by The Bloom Organization

The Bloom Organization announced today the 56% ownership interest sale of its client, Physicians’ Eye Surgery Center (“PESC”) to AmSurg (NASDAQ: AMSG)*.

PESC is a single specialty opthalmology Center of Excellence based in Charleston, SC that is world renowned for its use of cutting edge technology in eye care. Ophthalmologists regularly travel from all over the world to

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Posted in Transaction

North Shore-LIJ Acquires Majority Interest In Endoscopy Center of Long Island

Posted on September 24th, 2013 by The Bloom Organization

The Bloom Organization announced today the 70% interest sale of its client, Endoscopy Center of Long Island, LLC (“ECLI”) to North Shore-LIJ (“NSLIJ”), the nation’s 14th largest healthcare system. NSLIJ is an award-winning health system that
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Posted in Transaction

Northwest NJ ASC Engages Bloom

Posted on September 19th, 2013 by The Bloom Organization

A leading multi-specialty surgery center in Northwest New Jersey has engaged The Bloom Organization to explore partnership opportunities. The two operating room facility located in Morris County sees significant opportunity for growth by becoming an in network provider with the region’s major commercial insurance carriers. Continue reading >

Posted in Engagement

NJ Endoscopy Centers Engaged Bloom for Merger & Sale

Posted on September 12th, 2013 by The Bloom Organization

Two gastroenterology medical practices have sought out The Bloom Organization to identify strategic partnership opportunities in the market. This GI groups operate two endoscopy centers. The practices are merging effective January 2014 and will form the leading GI practice in Bergen County. Continue reading >

Posted in Engagement

Northern NJ ASC Engages The Bloom Organization

Posted on September 12th, 2013 by The Bloom Organization

An orthopedic and pain ambulatory surgery center, located 10 miles outside of Newark, New Jersey, has sought out The Bloom Organization to identify partnership opportunities in the market. The ASC, owned by their seven physician doctors, are eager to increase the already gradual growth the center has experience since operations began in 1999. Continue reading >

Posted in Engagement

Bob Goettling and Tom Chirillo (Tenet Healthcare) to Speak at 20th Annual Becker’s ASC Conference

Posted on September 10th, 2013 by The Bloom Organization

Bob Goettling, Principal at The Bloom Organization, and Tom Chirillo, ASC Chief Development Officer at Tenet Healthcare, will be presenting at the 20th Annual Becker’s ASC Conference. Mr. Goettling and Mr. Chirillo will be discussing the value ASCs can achieve by partnering with large health systems and obtaining payer contracting “lift.” While some ASCs have found it increasingly difficult to maintain profits in today’s healthcare environment, other ASCs are thriving under partnerships with hospitals and large health systems.

The conference is scheduled for October 24-26 at Swissôtel in Chicago, IL. Find out more and register here.

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Posted in News

Endoscopy Center of Monmouth County Engages Bloom

Posted on August 20th, 2013 by The Bloom Organization

The seven physician partners of the Endoscopy Center of Monmouth County in Freehold, NJ have engaged The Bloom Organization to assist in exploring strategic partnership opportunities for their surgery center. The ASC has two endoscopy rooms and has been in operation since 2004. Continue reading >

Posted in Engagement

AmSurg acquires Majority Interest in Mountainside, NJ ASC

Posted on August 1st, 2013 by The Bloom Organization

The Bloom Organization today announced the 55% interest sale of its client, The Center for Ambulatory Surgery (“CAS”), a multi-specialty ambulatory center located in Mountainside, New Jersey, to AmSurg (NASDAQ: AMSG), a national operator and developer of ambulatory surgery centers.

CAS received state licensure in August 2001. The center has 36 physician owners and

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Posted in Transaction

Theda Oaks Endoscopy Center Completes Sale to Tenet in less than 90 Days

Posted on June 14th, 2013 by The Bloom Organization

Today The Bloom Organization announced the sale of 51% ownership of Theda Oaks Surgery Center (“TOSC”) to Tenet Healthcare Corporation* (“Tenet”). TOSC’s pain management and GI physicians perform more than 9,000 cases annually.

“It was a pleasure working with the Theda Oaks doctors and 

Continue reading >

Posted in News

2013 ASC Transaction Update

Posted on March 1st, 2013 by The Bloom Organization

In just the first few months of 2013,The Bloom Organization has been retained by 5 new surgery center clients seeking to expand their ASC partnerships. The ASCs are located in South Carolina, New Jersey, Texas, and Illinois. Continue reading >

Posted in Transaction

Henry Bloom and Bob Goettling Speak at 2013 ASC Symposium

Posted on March 1st, 2013 by The Bloom Organization

Yesterday, Henry Bloom and Bob Goettling were featured speakers at McDermott Will & Emory’s 2013 ASC Symposium. Mr. Bloom and Mr. Goettling, along with other ASC industry leaders, shared their expertise and insights on ASC transactions with 400 attendees at the Fountainebleau in 

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The Bloom Organization to Open New Corporate Headquarters in Miami

Posted on February 26th, 2013 by The Bloom Organization

Today The Bloom Organization announced plans to open a new corporate headquarters in Aventura, FL. The offices are slated to open in June 2013. The new building is one of Florida’s most prestigious new commercial developments, the Aventura Optima Plaza.

From the Aventura Optimta website (aventuraoptima.com):

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Posted in Event

The Bloom Organization Seeks to Hire Surgery Center Analyst

Posted on February 15th, 2013 by The Bloom Organization

The Bloom Organization is seeking to hire a financial analyst to work at the company’s new Miami, Florida headquarters. The position will start in June 2013. Compensation is competitive. Please contact us if interested. Continue reading >

Posted in News

Florence Surgery & Laser Center adds spine program

Posted on January 10th, 2013 by The Bloom Organization

The Bloom Organization successfully facilitated a transaction whereby two (2) board certified spine surgeons have become owners in Florence Surgery & Laser Center, LLC in Florence, South Carolina. As a result of the transaction, Dr. 

Continue reading >

Posted in Transaction

San Antonio GI ASCs Complete Sale to Tenet

Posted on December 31th, 2012 by The Bloom Organization

Today The Bloom Organization announced the sale of 51% ownership of two (2) ambulatory surgery centers affiliated with Gastroenterology Consultants of San Antonio (“GCSA”) to Tenet Healthcare Corporation* (“Tenet”). GCSA’s single specialty ASCs perform more than 17,000 cases annually. GCSA is comprised of 14 physician partners and is one of the top GI practices in Texas. Its doctors have been widely recognized for

Continue reading >

Posted in Transaction

Bloom & Goettling to Speak at 2013 MWE ASC Symposium

Posted on December 04th, 2012 by The Bloom Organization

Henry Bloom and Bob Goettling will be speaking at McDermott Will & Emory’s 2013 ASC Symposium at the Fontainebleau in Miami, Florida. The annual symposium is among the ASC industry’s most attended and informative events. ASC physician owners – do not miss this opportunity to learn the latest on industry

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Posted in Event

The Bloom Organization at 2013 GI Roundtable in Boston

Posted on December 1st, 2012 by The Bloom Organization

The Bloom Organization will be an exhibitor at the 2013 GI Roundtable at the Boston Park Plaza Hotel in Boston, Massachusetts. Attendees from The Bloom Organization include Mr. Henry Bloom, President, Mr. Bob Goettling, Principal, and Mr Brian Liberty, Senior Analyst.

“Attending the GI Roundtable is all about learning. First,

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Posted in Event

Pediatric Surgery Centers Completes Sale in 6 Months

Posted on November 15th, 2012 by The Bloom Organization

Today The Bloom Organization (“Bloom”) announced the sale of 60% ownership of Pediatric Surgery Centers (“PSC”) to Tenet Healthcare Corporation* (“Tenet”). PSC operates two (2) multispecialty ASC locations in Brandon (opened 2005) and Odessa, Florida (opened 2008). PSC boasts professional staff consisting of fellowship-trained pediatric surgeons and anesthesiologists, as well as highly specialized nurses and technicians trained in the most up-to-date methods in pediatric healthcare, including the latest surgical techniques, pediatric advanced life support, surgical care and anesthesia recovery. The ASCs offer ENT, General Surgery, GI, Ophthalmology, Oral Surgery, and Plastic Surgery services.

“The PSC doctors have put together an incredible service business for the Tampa region,” said Henry Bloom, President of The Bloom Organization. “The two ASCs are

Continue reading >

Posted in Transaction

Murdock Surgery Center completes turnaround story with sale to Tenet

Posted on October 31th, 2012 by The Bloom Organization

Today The Bloom Organization (“Bloom”) announced the sale of 51% ownership of Murdock Ambulatory Surgery Center (“MASC”) to Tenet Healthcare Corporation* (“Tenet”). MASC is a multispecialty ASC located in Port Charlotte, Florida. The surgery center’s physician partners deliver world class clinical care, performing more than 5,000 cases per year in gastroenterology, general surgery, GYN, orthopedics, pain management, spine, and cardiology. Opened in 2006, the ASC has three (3) operating rooms and two (2) procedure rooms in 11,900 square feet of space.

Bloom was engaged by MASC in February 2009 when the center was struggling. Since then, the joint efforts of dedicated physician partners and The Bloom Organization resulted in a remarkable turnaround story. MASC had gone from

Continue reading >

Posted in Transaction

Robert Goettling Featured in ASC Focus Magazine

Posted on August 15th, 2012 by The Bloom Organization

Robert Goettling, Principal at The Bloom Organization, was featured in the August 2012 issue of ASC Focus Magazine. Mr. Goettling and other leaders in the ASC industry shared their thoughts on how to best create strategic partnerships between ASC physician-owners, ASC management companies and hospital systems. Read the entire article entitled “The Art of the Deal” starting on page 20. Continue reading >

Posted in News

OIG comments on anesthesia arrangements with ASCs

Posted on June 04th, 2012 by The Bloom Organization

The OIG has issued an advisory opinion on certain types of anesthesia arrangements with ASCs. This should be ready carefully by ASC physician owners. You can read the OIG opinion letter here. Continue reading >

Posted in News

Bloom & Goettling to Speak at 2012 NJ ASC Review

Posted on April 3rd, 2012 by The Bloom Organization

May 4, 2012 – Henry Bloom and Robert Goettling will be speaking at Brach Eichler’s 4th Annual NJ ASC Review to be held on June 14, 2012 in Long Branch, NJ. We highly encourage New Jersey ASC physician owners to attend this conference. Continue reading >

Posted in Event

Union Square Surgery Center Under Development

Posted on March 1st, 2012 by The Bloom Organization

The Bloom Organization today announced the signing of definitive agreements to develop and manage Union Square SC, LLC, a multi-specialty surgery center in Manhattan.

The Bloom Organization has established the joint venture with Continuum Heath Partners and 13 orthopedic physicians from Beth Israel Medical Center.

Continue reading >

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Chandler Endoscopy Center sold to USPI & Catholic Healthcare West Joint Venture

Posted on February 1st, 2012 by The Bloom Organization

Today The Bloom Organization announced the sale of 51% ownership of Chandler Endoscopy Center (“CEC”) to a joint-venture of USPI and Catholic Healthcare West. CEC is located in Chandler, AZ. Specializing in gastroenterology, the physician partners of CEC perform more than 6,000 cases per year. The 10,000 SF facility consists of 5 endoscopy rooms and 1 class C operating room. Continue reading >

Posted in Transaction

2013 Capital Gains Tax Hike

Posted on January 04th, 2012 by The Bloom Organization

Right now, people are buzzing about the potential for capital gains taxes to increase from 15% to 20% in 2013. Those are the numbers that, generally speaking, everybody knows pretty well. However,

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Posted in Commentary

Sale of Metropolitan Surgery Center to United Surgical Partners

Posted on November 1st, 2011 by The Bloom Organization

October 31, 2011 – The Bloom Organization today announced the 51% equity interest sale of its client, Metropolitan Surgery Center, LLC (“Metropolitan”), to United Surgical Partners International (“USPI”). Metropolitan is a state-of-the-art multispecialty surgery center located in Hackensack, New Jersey with 26 physician owners. The center was opened in 2006 and its surgical specialties include orthopedics, urology,
Continue reading >

Posted in Transaction

Illinois Surgery Center Engages Bloom

Posted on August 08th, 2011 by The Bloom Organization

An Illinois multi-specialty surgery center has engaged The Bloom Organization to identify strategic partnership opportunities in the market. It is very difficult to obtain approval by The State of
Continue reading >

Posted in Engagement

Bloom & Goettling to Speak at MWE 2012 ASC Symposium

Posted on June 1st, 2011 by The Bloom Organization

Henry Bloom and Bob Goettling have been invited to speak at McDermott Will & Emery’s ASC Symposium in February 2012. The symposium is being held in Miami, Florida.

Mr. Bloom’s and Mr. Goettling’s presentation will 

Continue reading >

Posted in Event

Bloom Organization Begins Construction on New Surgery Center in Monmouth County New Jersey

Posted on March 1st, 2011 by The Bloom Organization

The Bloom Organization today announced the ground breaking on construction of a new 2 OR, 2 procedure room ASC (Ambulatory Surgery Center) located in Eatontown, New Jersey. In addition to being a minority equity owner, The Bloom Organization will
Continue reading >

Posted in News

Merging Two ASCs: 1 + 1 = 4

Posted on February 15th, 2011 by The Bloom Organization

In certain areas of the United States, the “perfect storm” for ambulatory surgery center (“ASC”) mergers is brewing, or in some cases, has already taken its toll. This “perfect storm” is comprised of the declining reimbursement rates, market saturation, and a sluggish US economy.

rm” is comprised of the declining reimbursement rates, market saturation, and a sluggish US economy.

Continue reading >

Posted in Commentary

Sale of Sleep Florida, LLC to Baptist Health South Florida, Inc

Posted on February 1st, 2011 by The Bloom Organization

The Bloom Organization today announced the 60% equity interest sale of its client, Sleep Florida, LLC (“Sleep Florida”), to Baptist Health South Florida, Inc. (“BHSF”).

Sleep Florida’s two state-of-the-art facilities in 

Continue reading >

Posted in Transaction

The Bloom Organization Advises on NovaMed/Surgery Partner Transaction

Posted on January 1st, 2011 by The Bloom Organization

The Bloom Organization in its representation of Surgery Partners and HIG Capital is proud to announce the signing of definitive documents to acquire publicly traded NovaMed for $214 Million. 

Continue reading >

Posted in Transaction

Sale of South Palm Ambulatory Surgery Center to Sheridan Health

Posted on November 3rd, 2010 by

The Bloom Organization today announced the 51% equity interest sale of its client, South Palm Ambulatory Surgical Center (“South Palm”) to Sheridan Health. South Palm was the surviving entity of a merger of two ASCs. The transaction was structured such that one ASC sold off its assets and 

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West Coast Endoscopy Center to Surgical Care Affiliates

Posted on August 2nd, 2010 by The Bloom Organization

The Bloom Organization today announced the 51% equity interest sale of its client, West Coast Endoscopy Center, an ambulatory surgical center located in Clearwater, Florida to Surgical Care Affiliates (SCA), based out of Birmingham, Alabama and 

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Posted in Transaction

Henry Bloom named one of 222 People to Know in ASC Industry

Posted on June 16th, 2010 by The Bloom Organization

Mr. Bloom is the founder of The Bloom Organization, a healthcare-consulting firm devoted to providing project-related services to healthcare providers. He has structured and negotiated numerous healthcare transactions including physician practice acquisitions and divestitures, joint venture arrangements between physicians and surgery center companies and syndicated physician-owned surgery centers.

You can read more at http://www.beckersasc.com.

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Posted in News

The Bloom Organization announces sale of Hernando Surgery Center to HMA

Posted on January 29th, 2010 by The Bloom Organization

The Bloom Organization today announced the 100% equity interest sale of its client, Hernando Endoscopy and Surgery Center, an ambulatory surgical center located in Brooksville, Florida to HMA Hernando, a subsidiary of 

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The Bloom Organization Completes Syndication of Ambulatory Surgery Center of Greater New York

Posted on January 10th, 2010 by The Bloom Organization

The Bloom Organization successfully completed a syndication sale of minority ownership interests in the Ambulatory Surgery Center of Greater New York. In the syndication, physicians were provided the opportunity to purchase equity interests in the Center and  Continue reading >

Posted in Transaction

Henry Bloom to Speak at 2010 MWE Symposium

Posted on January 06th, 2010 by The Bloom Organization

 

Henry Bloom has accepted an invitation to speak at the 2010 ASC Symposium sponsored by the law firm McDermott Will & Emory on February 12, 2010. Mr. Bloom, along with Mr. Greg Beasley, President – Ambulatory Surgery Division of HCA, Inc., 
Continue reading >

Posted in Event

The Bloom Organization Completes Syndication in Port Charlotte, Florida

Posted on December 17th, 2009 by The Bloom Organization

The Bloom Organization successfully completed a syndication of Murdock Ambulatory Surgery Center, LTD., LLP in Port Charlotte, Florida.  As a result of the syndication, physicians will enjoy operational efficiency and representation that is more appropriately aligned with their contributions.  In the syndication, physicians were provided the opportunity to purchase equity interests in the Center and participate in ongoing governance and operations. Continue reading >

Posted in Transaction

The Bloom Organization developing ASC in Eatontown, New Jersey

Posted on November 20th, 2009 by The Bloom Organization

The Center for Ambulatory and Minimally Invasive Surgery, LLC will be a two operating room, two procedure room facility located in Eatontown, New Jersey. The Bloom Organization will be responsible for all aspects the center’s development to 
Continue reading >

Posted in News

The Bloom Organization to Present at 16th Annual Becker ASC Conference

Posted on September 08th, 2009 by The Bloom Organization

The Bloom Organization has accepted an invitation to speak at the 16th Annual Ambulatory Surgery Centers Conference sponsored by the law firm of McGuire Woods and ASC Communications and the Ambulatory Surgery Foundation on October 8-10
Continue reading >

Posted in Event

The Bloom Organization Sells Jersey City ASC out of Bankruptcy

Posted on August 12th, 2009 by The Bloom Organization

The Bloom Organization is pleased to announce the sale of Gregory Surgical Services, LLC to a group of local surgeons in the Jersey City, New Jersey market. The Bloom Organization was originally retained by the U.S. Bankruptcy court to put together a group of local surgeons to take over a failed surgery center located in Jersey City, NJ. “The physical layout of the ASC is a great with 4 operating rooms, 16,000 square feet and a great patient flow,” noted Henry Bloom. “We worked with a local businessman and provided him with our assistance and analysis of the center. This enabled him to bring together a core group of physicians that would enhance the center making it a top performer in the metropolitan New York/New Jersey market.” The ASC is now operating under the name Journal Square Surgical Center. Continue reading >

Posted in Transaction

51% Sale of Stonegate Surgery Center

Posted on July 10th, 2009 by The Bloom Organization

The Bloom Organization today announced the closing of the largest surgery center sale transaction of 2009. Bloom facilitated the sale of a majority interest in the Stonegate Surgery Center of Austin TX to RMC MedStone, a leading 

Continue reading >

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Henry Bloom to Speak at The 1st Annual NJ ASC Review

Posted on March 20th, 2009 by The Bloom Organization

Henry Bloom has accepted an invitation to speak at The 1st Annual NJ ASC Review sponsored by the law firm WolfBlock, LLP on April 1, 2009. Mr. Bloom will be joining other prestigious members of the New Jersey healthcare community including New Jersey State Senate President Richard J. Codey to speak about the current ASC environment in New Jersey. Continue reading >

Posted in Event

51% Sale of Miami Endoscopy Center

Posted on January 09th, 2009 by The Bloom Organization

The Bloom Organization L.L.C. today announced the 51% equity interest sale of its client, Miami Endoscopy Center, an ambulatory surgical center located in Miami, Florida to Baptist Health South Florida. Baptist Health South Florida is the largest 

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Posted in Transaction

The Bloom Organization Completes Syndication in Austin, Texas

Posted on December 05th, 2008 by The Bloom Organization

The Bloom Organization successfully completed a multi-million dollar sale of ownership interests to the leading pain, orthopedic, spine, and neurosurgeons in the Austin market. In the syndication, physicians purchased equity interests in the Center and 
Continue reading >

Posted in Transaction

Henry Bloom to Speak at MWE Symposium

Posted on November 15th, 2008 by The Bloom Organization

Henry Bloom has accepted an invitation to speak at the 2009 ASC Transactions Symposium sponsored by the law firm McDermott Will & Emory on February 13, 2009. Mr. Bloom, along with 

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Posted in Event

North Houston Endoscopy Center Sold to USPI

Posted on October 08th, 2008 by The Bloom Organization

The Bloom Organization LLC, today announced the 51% interest sale of its client, North Houston Endoscopy & Surgery Center [NHES], an ambulatory center located in Houston, Texas, to United Surgical Partners International, Inc [USPI], a noted leader in strategic partnering.

North Houston Endoscopy & Surgery, LP was formed in November of 2001 and began operations in January of 2002. The center has two operating rooms, three Endoscopy suites and one minor procedure room; all of which are supported by 16 monitored preoperative, postoperative and step-down beds. The center features some of the most current state of the art technology, including a paperless system as well as plasma monitors in each of the Endoscopy suites. Additionally the 7,900 square foot facility is recognized by the Accreditation Association for Ambulatory Health Care, Inc [AAAHC], holds an ambulatory surgical center license & is certified by the Texas Department of Health.

United Surgical Partners was founded in 1997 and has ownership interests in surgery centers and private surgical hospitals in both the United States and the United Kingdom. The facilities owned and operated by USPI are designed to enhance the quality of care and the healthcare experience of patients as well offer significant administrative, clinical and economic benefits to the physicians

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Posted in Transaction

51% Sale of Fullerton Surgical Center

Posted on October 1st, 2008 by The Bloom Organization

The Bloom Organization LLC, today announced the 51% interest sale of its client, Fullerton Surgical Center, an ambulatory center located in Fullerton, California, to National Surgical Care, (NSC), one of the leading surgery center companies nationwide. 

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Posted in Transaction

Venture ASC Sale to HCA

Posted on September 3rd, 2008 by The Bloom Organization

The Bloom Organization L.L.C. today announced the 51% equity interest sale of its client, Venture ASC, Ltd., an ambulatory surgical center located in Miami, Florida, to Hospital Corporation of American (HCA). HCA owns and operates approximately 168 hospitals and

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Posted in Transaction

Baton Rouge ASC sale to NovaMed

Posted on July 07th, 2008 by The Bloom Organization

The Bloom Organization L.L.C. today announced the 51% equity interest sale of its client, Interventional Pain Management, an ambulatory surgical center located in Baton Rouge, Louisiana, to NovaMed. 

Continue reading >

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The Bloom Organization Completes Syndication in Brick, New Jersey

Posted on July 1st, 2008 by The Bloom Organization

The Bloom Organization successfully completed a syndication of Seashore Surgical Institute, LLC in Brick, New Jersey. As a result of the syndication, physicians will enjoy operational efficiencies and representation that is  Continue reading >

Posted in Transaction

Letter of Intent for multi-specialty ASC in Southern California

Posted on May 08th, 2008 by The Bloom Organization

The Bloom Organization received a Letter of Intent to purchase a large multi-specialty Surgery Center in Southern California from a national company. After review and negotiations of numerous offers from many interested parties, the owners Continue reading >

Posted in News

Execution of a Letter of Intent for ASC in Baton Rouge

Posted on March 08th, 2008 by The Bloom Organization

The Bloom Organization announced the execution of a Letter of Intent by its client Interventional Pain Management Center for the sale of its surgical center in Baton Rouge, Louisiana. After a thorough search for the 
Continue reading >

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The Bloom Organization Completes Syndication of Florence Surgery & Laser Center

Posted on December 29th, 2007 by The Bloom Organization

The Bloom Organization successfully completed a syndication of Florence Surgery & Laser Center in Florence, South Carolina. In the syndication, physicians were provided the opportunity to purchase equity interests in the Center and participate in ongoing governance and operations. As a result of the syndication, physicians will enjoy operational efficiencies and representation that is more appropriately aligned with their contributions Continue reading >

Posted in Transaction

Henry Bloom Donates Land to Monmouth Council Boy Scouts

Posted on November 11th, 2007 by The Bloom Organization

Henry Bloom and his partners donated Gunning Island in Rumson, NJ to local Boy Scouts. The land, which has since been sold by the Boy Scouts for more than $2 Million, will help pay for scholarships, camping and other activities. You can read the full story here. Continue reading >

Posted in News

Bloom Closes Gables Surgical Center Transaction

Posted on September 1st, 2007 by The Bloom Organization

Bloom, LLC served as financial advisor to PainCare Holdings Inc. in its agreement to sell its controlling interest in PSHS Beta Partners Ltd., which operates under the name of Gables Surgical Center, to Surgery Partners LLC.

PainCare expects net cash proceeds of about over $4 Million from the sale and plans to use that to reduce debt.

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Posted in Transaction

Bloom Closes Lake Worth Transaction

Posted on August 15th, 2007 by The Bloom Organization

The Bloom Organization, LLC served as exclusive advisor to PainCare Holdings Inc. in its agreement to sell its controlling interest in PSHS Alpha Partners Ltd., which operates under the name of Lake Worth Surgical Center, to Surgery Partners LLC. PainCare expects the net cash proceeds in excess of $10 Million to be used to reduce debt. Continue reading >

Posted in Transaction

Henry Bloom to Speak at OOSS Conference

Posted on July 09th, 2007 by The Bloom Organization

Henry Bloom has accepted an invitation to speak at the annual conference for the Outpatient Ophthalmic Surgery Society in Atlanta, Georgia. On Friday, October 5, 2007, Henry will be discussing strategies and issues related to Changing ASC Ownership. He will be discussing subjects such as buying, selling, joint venturing, syndicating, & engaging management companies to assist in making ophthalmic ASC’s more efficient and profitable. The Bloom Organization is the industry leader in ASC equity transactions in the United States. Continue reading >

Posted in Event

Bloom LLC to Provide Advisory Services to Seashore Surgical

Posted on July 1st, 2007 by The Bloom Organization

The Bloom Organization, LLC will assist Seashore Surgical of Brick, New Jersey in the syndication of shares of facility ownership to physician investors to maximize the facility’s efficiency and utilization. Continue reading >

Posted in News

Robert C. Goettling, ESQ Joins The Bloom Organization

Posted on June 07th, 2007 by The Bloom Organization

Mr. Goettling has recently joined the Bloom Organization, bringing over 15 years healthcare experience, most of which has focused on the acquisition, development and syndication of surgery centers throughout the country. As a healthcare attorney and one of the nation’s most experienced ASC development professionals, Mr. Goettling brings a wealth of knowledge in all facets of surgical center development and operations.

He is licensed to practice law in the State of Illinois and speaks regularly at many ASC conferences. Mr. Goettling received his B.S.B.A. cum laude in Economics from Creighton University in 1985, and his J.D. from the University of Notre Dame Law School in 1988.

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HarborSide Surgery Center Transaction Completed

Posted on June 07th, 2007 by The Bloom Organization

The Bloom Organization successfully completed a syndication of the HarborSide Surgery Center in Punta Gorda, Florida. In the syndication, physicians were provided the opportunity to purchase equity interests in the Center and participate in ongoing governance and operations. As a result of the syndication, physicians will enjoy operational efficiencies and representation that is more appropriately aligned with their contributions.

Following identification, Bloom began discussions with a local hospital interested in purchasing a controlling interest from the physician owners. Bloom negotiated an appropriate purchase price, and in May 2007, successfully completed a sale of a 51% interest in HarborSide. 

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Posted in Transaction

The Bloom Organization recruits in New Mexico

Posted on December 19th, 2006 by The Bloom Organization

The Bloom Organization has successfully completed physician recruitment for Alamogordo Surgery Ventures, LLC. The new partnership is between Gerald Champion Regional Medical Center and surgeons of Alamogordo. At the time the offering closed on November 17, 2006, Alamogordo Surgery Ventures, LLC received commitments to purchase more than 90% of the equity shares for sale. The venture was created as an innovative means to allow participating physicians to partner with the local hospital to provide outpatient surgical services in an efficient and cost-effective manner.

Continue reading >

Posted in News

Bloom Organization Completes successful Syndication and Sale of Florida Facility

Posted on December 19th, 2006 by The Bloom Organization

The Bloom Organization successfully completed a syndication of the Surgical Center of Central Florida. In the syndication, physician utilizers were provided the opportunity to purchase equity interests in the Center and participate in ongoing governance and operations. As a result of the syndication, physicians will enjoy operational efficiencies and representation that is more appropriately aligned with their contributions.

Following identification of financial improvements and the completion of the syndication, Bloom began discussions with national companies interested purchasing a controlling interest from the physician owners. Interested parties were narrowed to finalists and presented to the physicians while Bloom negotiated an appropriate purchase price. In December, Bloom successfully completed a sale of 51% interest in The Surgical Center of Central Florida to NovaMed, Inc.

Additional physician participation from the syndication coupled with the professional management of NovaMed are expected to provide SCCF and its investors with substantial returns in the near future.

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Posted in Transaction

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