The Bloom Organization (“Bloom”) announced on Monday that its client Meadowbrook Endoscopy Center (“Meadowbrook”) closed a transaction with Surgery Partners.  Bloom has been working with the physicians at Meadowbrook to assess all their options for the future and helped them determine that the partnership with Surgery Partners would best cement their future success.  Surgery Partners (NASDAQ: SGRY) is one of the largest and fastest growing surgical services businesses in the country, with more than 180 locations in 30 states.

Founded in 2008, Meadowbrook Endoscopy Center is a state-of-the-art multispecialty facility located in Long Island, New York consisting of 4 procedure rooms.  The 8,481 square foot center’s 20+ Gastroenterology and Colorectal physicians perform 10,000+ cases annually.  This partnership marks Surgery Partners’ entry into a new market, and further, adds depth across one of their core specialties. 

“Over the past 5 years, we have assisted numerous GI physicians, practices and endoscopy centers in New York and Long Island.  The physicians at Meadowbrook are a collection of leading GI physicians in Nassau County interested in continuing to remain independent while also getting the expertise necessary to prosper into the future” said Henry Bloom, Founder and President of The Bloom Organization.  “Surgery Partners and their national presence and expertise in GI ASCs will be a great complement to the physicians.  We are looking forward to continuing to assist GI physicians in assessing their future prospects and maximizing their economic opportunities.”

Practice administrators and physicians looking to explore transaction and liquidity opportunities should contact The Bloom Organization at 305-974-0700.