Bloom Advises Primary Care Group in Partnership with Agilon Health
- December 23, 2020
The Bloom Organization (“Bloom”) announced that its clients, Syracuse New York based Family Care Medical Group (“FCMG”) and Practice Resources, LLC (“PRL”) have partnered with Agilon Health (“Agilon”), a portfolio company of global private equity manager Clayton, Dubilier & Rice (“CD&R”). The venture is focused on value-based care and Medicare Advantage, and will modernize FCMG and PRL through technology, analytics, and population health tools. FCMG is the dominant primary care group in the Syracuse, NY market.
“This transaction marks one of the early partnerships to help facilitate the transition of primary care practices to value-based care,” said Bob Goettling, Principal of The Bloom Organization. “We at Bloom are leading the charge in assisting primary care groups in finding the right partnerships for making this important transformation.”
FCMG and PRL offered a unique bundling of a market leading multispecialty group with a practice management company with over 120 providers and a dedicated administrative-services arm in PRL. “Working these options with Family Care’s President and CEO Dr. Mitchell Brodey and PRL President and CEO David Barletta, we firmly believe they partnered with the best option for the future of value-based care,” said Brian Liberty, Managing Director of The Bloom Organization.
Agilon is a leader distinguished by their aligned partnership model, scalable systems tailored for diverse markets, physician empowerment, and custom technology. Their proven model embraces the existing capabilities of each organization while providing the capital to transition to value-based care and ensure the sustainability of the local primary care practice.
Physicians or investors interested in learning more about options and future strategies for primary care should contact Bob Goettling or Brian Liberty at 305-974-0700.