Leading MSK Practice Completes ESOP Transaction

Oct 2026 — The Bloom Organization (“Bloom”), a preeminent middle-market investment bank focused exclusively on founder-led and physician-owned businesses across the healthcare services and business services sectors, is pleased to announce that it served as financial advisor to a leading musculoskeletal practice (the “Practice”) in connection with its Employee Stock Ownership Plan (“ESOP”) transaction.

The physician-led Practice provides comprehensive spine, orthopedic, and pain management services across multiple locations, offering both surgical and nonsurgical treatment options. The transaction supports the Practice’s long-term growth, preserves its physician-led culture, and gives employees greater financial alignment with the Practice.

Benesch, Friedlander, Coplan & Aronoff LLP and Brach Eichler LLC served as legal counsel to the seller. Stephen James of SCJ Fiduciary Services served as independent trustee for the ESOP, with Taft Stettinius & Hollister LLP serving as trustee’s counsel.

As one of the only investment banks that is itself an ESOP, Bloom combines over 30 years of unmatched experience advising physician practices with firsthand knowledge of employee ownership structures, positioning the firm as a trusted advisor in physician practice ESOP transactions. The popularity of employee-owned and physician-owned and controlled consolidation models continues to garner more attention as reimbursements decline and the costs of operating a physician practice skyrocket. The engagement was led by Henry Bloom and Graham Miller, CFA.

For founder-led businesses and physician practices evaluating strategic alternatives, The Bloom Organization advises clients on mergers and acquisitions, strategic partnerships, recapitalizations, and ESOP transactions. To learn more about employee ownership or other ownership transition strategies, please contact The Bloom Organization at (305) 974-0700 or info@bloomllc.com.