The amsthm package allows you to define custom theorem styles, with custom heading specifications. To get the formatting you desire, you can define a new style, say custom, and then declare a theorem environment using that style. Here's an example:
\documentclass{article}
\usepackage{amsthm}
% Create a `custom` theorem style.
\newtheoremstyle{custom}
{\topsep} % Space above
{\topsep} % Space below
{\itshape} % Body font
{0pt} % Indent amount (empty value is the same as 0pt)
{\bfseries} % Theorem head font
{} % Punctuation after theorem head
{5pt plus 1pt minus 1pt} % Space after theorem head
{\thmname{#1}\thmnumber{ #2}.\thmnote{ (#3)}} % Theorem head spec
% Create a `theorem` environment using the `custom` style.
\theoremstyle{custom}
\newtheorem{theorem}{Theorem}
\begin{document}
\begin{theorem}[Name]
This is the new theorem environment.
\end{theorem}
\end{document}
amsthm?,thmtools?ntheorem?other?). Welcome! – cmhughes Oct 27 '12 at 18:04