Bloom Announces Development, Licensure, and Acquisition of New Jersey Ambulatory Surgery Center
- October 31, 2022
The Bloom Organization (“Bloom”) is pleased to announce the licensure of the Center for Ambulatory Surgical Excellence (“CASE”) in Voorhees, NJ. In 2020, Bloom and 15 physician partners embarked on a journey to develop one of the country’s only ASCs to focus exclusively on urology services. In September 2022, following 2 years of planning and construction, CASE successfully passed its state inspection, which also signified CASE’s acquisition by Summit Health (“Summit”).
The physician partners of CASE ASC were also partners of the NJ Urology (“NJU”) practice. NJU joined Summit in January 2022, leaving Bloom and the CASE physician partners to make a strategic decision about how to incorporate CASE into Summit Health’s platform despite not yet being operational. Bloom spearheaded negotiations with Summit to acquire control of the ASC upon licensure. The license was then obtained approximately 10 months following the signing of a definitive purchase agreement.
Henry Bloom, Founder of The Bloom Organization and managing member of CASE, was instrumental in the development of the CASE ASC since idea inception. “Our team’s knowledge of surgery centers runs extremely deep. From development, capital planning, management, operations and transaction advisory, our knowledge of ASCs is second to none. We were proud to get the CASE partnership to this point and wish the physicians all the best as part of the Summit Health family.”
Dr. Phillip Dorsey, Medical Director of CASE, added, “Henry and Brian (Brian Liberty, Managing Director at Bloom) served as trusted advisors and partners from the beginning. I am extremely proud of how well we worked together to develop a best-in-class facility for our patients. I am excited that my partners and I have a new home in which we can deliver superior clinical outcomes all while lowering the total cost of care for our community.”
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 or to discuss potential monetization opportunities, please contact The Bloom Organization at (305) 974-0700 or firstname.lastname@example.org.