Market Overview

J.W. Childs Associates Forms Urology Management Associates with New Jersey Urology

Share:

New Jersey Urology ("NJU"), the leading urology service provider in New
Jersey, and J.W. Childs Associates ("JWC"), a leading middle-market
private equity firm, have formed Urology Management Associates ("UMA")
that will provide administrative services to NJU. The establishment of
UMA enables NJU to continue to focus on providing world-class urology
services while remaining a physician-led organization. UMA plans to
partner with additional urology groups to provide administrative
practice management services initially in the greater New York
metropolitan area with longer range plans to expand nationally.

Recognizing the benefits of scale, NJU recently merged with Delaware
Valley Urology (‘DVU") to become the leading provider of urology
services in New Jersey and the largest single-specialty urology group in
the U.S. NJU provides complete urologic care and comprehensive
individualized treatment for its patients, including men's health,
women's health and cancer care.

Dr. Lewis Gold and Dr. Mitchell Eisenberg, operating partners at JWC and
former President and CEO of Sheridan Healthcare, respectively, will join
the board of UMA along with Adam Suttin, Managing Partner, David
Fiorentino, Partner and Jeff Miller, Principal. Dr. Gold commented, "We
are very excited to collaborate with NJU to continue to develop and
expand a best-in-class urology practice management organization."

Dr. Martin Goldstein, who was appointed President of NJU and Senior Vice
President of Corporate Development and Acquisitions of UMA said, "We
look forward to working with J.W. Childs Associates on expanding
business opportunities for UMA while maintaining NJU's medical practice
independence. JWC's expertise in managing large-scale practices and
UMA's ability to handle the significant administrative burden of NJU's
non-clinical operations will enable NJU and its physicians to continue
to focus on high quality clinical care to meet the demands of our
patients." Victor Houtz who has been the COO of NJU since 2009 has been
named COO at UMA.

The Bloom Organization negotiated on behalf of the NJU and DVU
physicians. Mr. Henry Bloom, founder of The Bloom Organization, said,
"Forming UMA shortly after the consummation of the NJU and DVU merger
took an incredible effort from all parties and I commend everyone
involved. I have represented physicians for the last 30 years and I
believe that the growth potential for physician services is better now
than I have ever seen. We found a great partner in JWC and its operating
executives. I am excited to see this organization execute on its growth
strategy in the coming years."

J.W. Childs Associates is a Boston-based private equity firm focused on
investing in middle-market growth companies. Since inception in 1995,
JWC has invested $3.7 billion of equity capital in 50 companies across
the healthcare, consumer, and specialty retail/e-commerce industries.
The firm's success has been built on its industry focus and the
extensive operating expertise of its partners.

The Bloom Organization (www.bloomllc.com)
advised NJU on the transaction with DLA Piper LLP serving as its legal
counsel. McDermott Will & Emery LLP advised J.W. Childs.

View Comments and Join the Discussion!