Bloom Advises The Mackool Eye Institute on Partnership with Spectrum Vision Partners
- January 7, 2022
The Bloom Organization (“Bloom”), a leading healthcare investment bank and physician-focused M&A advisor, is pleased to announce its client, The Mackool Eye Institute and Laser Center and affiliated entities, has completed a strategic partnership with Spectrum Vision Partners (“SVP”), an affiliate of Blue Sea Capital.
The Mackool Eye Institute was established in 1983 by Dr. Richard James Mackool, with the purpose of providing eye surgery and laser treatment with minimal patient recovery times. Dr. Mackool’s practice was founded in 1973, and is located in Astoria, NY. Dr. Richard Mackool and his son, Dr. RJ Mackool, have patented processes and instrumentation, pioneering innovations in eye surgery that are widely used throughout the world.
Spectrum Vision Partners is a leading management services organization serving the ophthalmology sector. With over 900 employees providing world-class practice management and administrative solutions to a network of nationally renowned, multi-specialty ophthalmologists in New York, New Jersey, Connecticut and Pennsylvania, Spectrum Vision Partners (SVP) supports 29 clinic locations, three state-licensed ambulatory centers, and over 75 surgeons, doctors, and other medical professionals. Spectrum provides a comprehensive set of business support functions, including billing and collections, credential services, marketing, physician recruitment, ASC development, financial and accounting services, benefits and payroll management and information technology.
“Drs. Dick and RJ Mackool are world-renowned leaders in ophthalmology and well respected amongst their peers. They bring tremendous value to their new partners at SVP in continuing to deliver exceptional patient care. It was an honor to work with the entire Mackool team on this transaction,” said Brian Liberty, Managing Director at The Bloom Organization.
Dr. Richard Mackool noted, “We were extremely pleased with The Bloom Organization team because it was clear they knew how to manage a negotiation process in order to maximize value. They also listened to the questions and issues that mattered most to us. It’s vital in a transaction process to have advisors you can trust.”
Blue Sea Capital is a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $250 million. The firm has more than $750 million in assets under management and invests across three industry verticals: aerospace & defense, healthcare, and industrial growth. Blue Sea Capital’s strategy is to partner with talented managers and differentiated companies, typically as the first or second institutional investor, and deliver strategic and operational value-add that drives growth acceleration, industry outperformance and business transformation.
Wilentz, Goldman, & Spitzer, P.C. served as legal counsel to The Mackool Eye Institute.
The Bloom Organization has 30+ years of experience working exclusively on healthcare transactions assisting physicians, health systems and private equity firms in market consolidation strategies. For more information, please contact Hallie Berk, Vice President of Business Development at Bloom.