In 10th Transaction of 2023, Bloom Advises New York OB/GYN Practice in Partnership with Northwell Health
- July 13, 2023
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The Bloom Organization (“Bloom”), a leading healthcare services focused investment bank, is pleased to announce that its client, Great Neck Obstetrics & Gynecology (“Great Neck OBGYN”), has entered into a partnership with Northwell Health.
Great Neck OBGYN is a premier obstetrics and gynecology practice serving Long Island since 1985. Founded and led by Dr. Terry Rifkin, the practice and its team of 6 providers specialize in all aspects of women’s health care, offering a comprehensive range of gynecologic, obstetrical, radiologic and aesthetic services. Since its founding, the practice has grown to become one of the preeminent providers of women’s health services in the North Shore of Long Island.
The practice joins Northwell Health, New York State’s largest healthcare provider and private employer, with 20+ hospitals, ~900 outpatient facilities and over 18,500 affiliated physicians. The integrated healthcare network serves over 2 million people annually in the New York metro area and beyond.
“We continue to execute on our mission of helping physicians plan for the future prosperity of their practice by helping them identify, select, and effectuate a partnership that accomplishes their goals,” commented Robert Goettling, Principal at The Bloom Organization. “This partnership between Northwell and Great Neck OBGYN is yet another example of bringing together a first-class group of physicians with a dominant health system, creating a tremendous win/win for both sides.”
The Bloom Organization’s efforts on the transaction were led by Robert Goettling and Hallie Berk. Garfunkel Wild served as the seller’s legal counsel.
The Bloom Organization has 30+ years of experience working exclusively on healthcare services transactions assisting physicians, health systems, home health companies and private equity firms in market consolidation strategies and strategic partnerships. We have successfully advised our clients through over $7 billion of transactions across multiple physician specialties. For more information or to discuss potential monetization opportunities, please contact The Bloom Organization at (305) 974-0700 or info@bloomllc.com.