.:: MBFHP ::.

Company Overview MBF Healthcare Partners is a Miami-based private investment firm focused exclusively on the healthcare industry and specializes in strategic growth equity investments and leveraged buyouts of middle market companies. The firm was formed by former healthcare entrepreneurs and operating executives that founded and built some of the nation's most innovative and successful healthcare companies. As a result, we have deep domain expertise and have built relationships with exceptional management partners and top industry leaders. Our intense focus on accelerating growth, enhancing capabilities and resources and positioning companies to maximize shareholder value at exit has led to our track record through a wide range of reimbursement, regulatory, capital market and economic conditions. We have consistently attracted sophisticated investors, lenders, management and board-level talent to our investments. We pride ourselves in approaching every investment as operational executives and maintaining a collaborative relationship among all of our partners and portfolio company executives, ensuring all portfolio companies access to the full breadth of the firm's experience and resources. Our combined experience of over 100 years of investing and operating middle market healthcare companies allows us to work with the management teams of our portfolio companies to achieve transformational growth through strategy development, operational guidance and access to key industry relationships. Our investors consist of a small number of exceptional limited partners and members of the general partnership. Our general partners represent our largest investor group which differentiates us from other private equity firms and aligns our incentives with management. In addition, the majority of our limited partners are healthcare executives (including CEO’s of Fortune 500 healthcare companies) and help us identify and evaluate acquisition opportunities.

MBF Healthcare Partners is a Miami-based private investment firm focused exclusively on the healthcare industry and specializes in strategic growth equity investments and leveraged buyouts of middle market companies. The firm was formed by former healthcare entrepreneurs and operating executives that founded and built some of the nation's most innovative and successful healthcare companies. As a result, we have deep domain expertise and have built relationships with exceptional management partners and top industry leaders.

Our intense focus on accelerating growth, enhancing capabilities and resources and positioning companies to maximize shareholder value at exit has led to our track record through a wide range of reimbursement, regulatory, capital market and economic conditions. We have consistently attracted sophisticated investors, lenders, management and board-level talent to our investments.

We pride ourselves in approaching every investment as operational executives and maintaining a collaborative relationship among all of our partners and portfolio company executives, ensuring all portfolio companies access to the full breadth of the firm's experience and resources. Our combined experience of over 100 years of investing and operating middle market healthcare companies allows us to work with the management teams of our portfolio companies to achieve transformational growth through strategy development, operational guidance and access to key industry relationships.

Our investors consist of a small number of exceptional limited partners and members of the general partnership. Our general partners represent our largest investor group which differentiates us from other private equity firms and aligns our incentives with management. In addition, the majority of our limited partners are healthcare executives (including CEO’s of Fortune 500 healthcare companies) and help us identify and evaluate acquisition opportunities.

Investment Strategy MBF Healthcare Partners invests in growth-oriented healthcare companies where we can apply our industry-specific experience, extensive resources and relationships and transformational investment strategy plans to accelerate earnings growth. We strive to generate outsized returns through investments in companies that deliver high-quality patient outcomes in a cost effective manner often to targeted niche markets. The majority of our investments meet the following characteristics: Healthcare Verticals Managed care payors focused on Medicare Advantage, Medicaid and specialty needs plans and managed care carve-outs Non-facility based provider businesses including homecare, hospice, rehabilitation, infusion and specialty pharmacy Facility (inpatient, outpatient and alternate site) based provider businesses including surgery centers, psychiatric services, dental and physician services Specialty distribution focused on the alternate site Payor and provider outsourced services focused on disease and utilization management Investment Types Buyouts and Recapitalizations- control equity investments in existing platform businesses where we can implement a buy-and-build strategy consisting of organic, de novo and acquisition growth Growth Equity- investments by creating partnerships and investing in a new company with a proven management team prior to or commensurate with an acquisition Investment Size Typical investment size of $10 to $50 million of equity per investment. We can arrange larger investments through additional co-investments from our limited partners and other private investment firms with which we have strong relationships.

MBF Healthcare Partners invests in growth-oriented healthcare companies where we can apply our industry-specific experience, extensive resources and relationships and transformational investment strategy plans to accelerate earnings growth.

We strive to generate outsized returns through investments in companies that deliver high-quality patient outcomes in a cost effective manner often to targeted niche markets. The majority of our investments meet the following characteristics:

Healthcare Verticals

Managed care payors focused on Medicare Advantage, Medicaid and specialty needs plans and managed care carve-outs
Non-facility based provider businesses including homecare, hospice, rehabilitation, infusion and specialty pharmacy
Facility (inpatient, outpatient and alternate site) based provider businesses including surgery centers, psychiatric services, dental and physician services
Specialty distribution focused on the alternate site
Payor and provider outsourced services focused on disease and utilization management

Investment Types

Buyouts and Recapitalizations- control equity investments in existing platform businesses where we can implement a buy-and-build strategy consisting of organic, de novo and acquisition growth
Growth Equity- investments by creating partnerships and investing in a new company with a proven management team prior to or commensurate with an acquisition

Investment Size

Typical investment size of $10 to $50 million of equity per investment. We can arrange larger investments through additional co-investments from our limited partners and other private investment firms with which we have strong relationships.

Portfolio Companies Current Investments Prior Investments

Portfolio Companies Current Investments eMindful, Inc. Headquartered in Vero Beach, FL, eMindful, Inc. ("eMindful") provides specialized, comprehensive solutions through evidence-based programs that improve participants health and well-being. Its technology-enabled solutions are delivered through live, online classrooms taught by licensed health professionals, including physicians and psychotherapists, and are designed to assist individuals prevent, mitigate, and slow the progression of diseases associated with family, work and lifestyle risk factors. The Company delivers its programs to various customers, including corporations, managed care organizations, and third party administrators. Visit the eMindful website at emindful.com Navarro Discount Pharmacies, LLC Headquartered in Miami, Florida, Navarro Discount Pharmacies ("Navarro") is a pharmacy services company that provides a broad range of pharmacy benefit management services, including retail, mail order and specialty pharmacy services. The Company's retail pharmacy segment sells prescription drugs, over-the-counter drugs, vitamins and supplements, beauty products, perfumes, cosmetics, seasonal merchandise, greeting cards, photo and convenience foods through its 32 retail drugstores located throughout South Florida. The Company also offers its products online, at Navarro.com, and distributes products internationally through its wholesale distribution business, Magellan. The Company sells its private label brand, Vida Mia, the first brand that offers a full product line for the Hispanic consumer, through all its distributions channels. Visit the Navarro website at www.navarro.com. Add On Acquisitions & Partnerships Nutri-Force Nutrition, LLC Headquarted in Miami, Florida, Nutri-Force Nutrition, LLC ("Nutri-Force") engages in the manufacture, marketing, and distribution of nutritional supplements, including vitamins, minerals, sports supplements and diet products. The company markets its branded products to wholesalers, distributors, food, drug, and mass merchandisers, pharmacies, health food stores and international customers under the FDC Vitamins, Natural Force and Betancourt Nutrition brand names. Visit the Nutri-Force website at www.nutriforce.com Add On Acquisitions & Partnerships Simply Healthcare Plans, Inc. Headquartered in Coral Gables, Florida, Simply Healthcare Plans, Inc. (the "Company") is a rapidly growing, fully integrated managed healthcare company. The Company was founded to provide individuals quality health care and related services by serving people who receive healthcare benefits through publicly funded health care programs, including Medicaid, Children's Health Insurance Program, Medicaid expansion programs, and Medicare Advantage. The Company currently serves over 61,000 managed care recipients residing in Florida through an extensive network of primary and specialty care physicians, hospitals, and ancillary providers. The Company is headquartered in Coral Gables, FL with additional offices in Tampa and Orlando, FL. Visit the SHP website at www.simplyhealthcareplans.com Add On Acquisitions & Partnerships

Current Investments

eMindful, Inc.

Headquartered in Vero Beach, FL, eMindful, Inc. ("eMindful") provides specialized, comprehensive solutions through evidence-based programs that improve participants health and well-being. Its technology-enabled solutions are delivered through live, online classrooms taught by licensed health professionals, including physicians and psychotherapists, and are designed to assist individuals prevent, mitigate, and slow the progression of diseases associated with family, work and lifestyle risk factors. The Company delivers its programs to various customers, including corporations, managed care organizations, and third party administrators.

Visit the eMindful website at emindful.com

Navarro Discount Pharmacies, LLC

Headquartered in Miami, Florida, Navarro Discount Pharmacies ("Navarro") is a pharmacy services company that provides a broad range of pharmacy benefit management services, including retail, mail order and specialty pharmacy services. The Company's retail pharmacy segment sells prescription drugs, over-the-counter drugs, vitamins and supplements, beauty products, perfumes, cosmetics, seasonal merchandise, greeting cards, photo and convenience foods through its 32 retail drugstores located throughout South Florida. The Company also offers its products online, at Navarro.com, and distributes products internationally through its wholesale distribution business, Magellan. The Company sells its private label brand, Vida Mia, the first brand that offers a full product line for the Hispanic consumer, through all its distributions channels.

Visit the Navarro website at www.navarro.com.

Add On Acquisitions & Partnerships

Nutri-Force Nutrition, LLC

Headquarted in Miami, Florida, Nutri-Force Nutrition, LLC ("Nutri-Force") engages in the manufacture, marketing, and distribution of nutritional supplements, including vitamins, minerals, sports supplements and diet products. The company markets its branded products to wholesalers, distributors, food, drug, and mass merchandisers, pharmacies, health food stores and international customers under the FDC Vitamins, Natural Force and Betancourt Nutrition brand names.

Visit the Nutri-Force website at www.nutriforce.com

Add On Acquisitions & Partnerships

Simply Healthcare Plans, Inc.

Headquartered in Coral Gables, Florida, Simply Healthcare Plans, Inc. (the "Company") is a rapidly growing, fully integrated managed healthcare company. The Company was founded to provide individuals quality health care and related services by serving people who receive healthcare benefits through publicly funded health care programs, including Medicaid, Children's Health Insurance Program, Medicaid expansion programs, and Medicare Advantage. The Company currently serves over 61,000 managed care recipients residing in Florida through an extensive network of primary and specialty care physicians, hospitals, and ancillary providers. The Company is headquartered in Coral Gables, FL with additional offices in Tampa and Orlando, FL.

Visit the SHP website at www.simplyhealthcareplans.com

Add On Acquisitions & Partnerships

<< back

Our Team Chairman Miguel "Mike" Fernandez, Chairman Investment Team Jorge Rico, Managing Director Marcio Cabrera, Managing Director Luis Gonzalez, Managing Director Alexander Fernandez, Senior Associate Finance & Administration Isabel Pena, Chief Financial Officer Operating Advisors Juan Ortiz Kelley McCabe Lourdes Rivas Anthony Alfonso Advisory Committee Roger J. Medel, M.D. Carlos A. Saladrigas Phillip Frost, M.D.

Chairman

Miguel "Mike" Fernandez, Chairman

Investment Team

Finance & Administration

Isabel Pena, Chief Financial Officer

Operating Advisors

Advisory Committee

Our Team Mike Fernandez, Chairman Miguel (Mike) Fernandez currently serves as Chairman of MBF Healthcare Partners, L.P., a private equity firm located in Coral Gables, Florida. The firm focuses on investing in healthcare service companies nationwide. Mr. Fernandez's career has centered on acquiring, growing and divesting of healthcare services companies. He is married to Constance Fernandez and has five children. Mr. Fernandez was Founder, President and CEO of Group Tech Systems, Inc., the first national database of group health insurance information. Founder and CEO of Comprehensive Benefit Administrators, Inc. (CBAI) which was sold to RHMO (a public company) in 1990. He served as Executive Vice President of Ramsay-HMO, Inc. from 1990 to 1992. Founder and CEO of Physicians Healthcare Plans, Inc., which was sold to Amerigroup Corporation (a public Company) in 2002. Founder and controlling shareholder of Prescribit Rx, which was sold to Humana (a public company) in 2005. Founder and CEO of CarePlus Health Plans, Inc., which was sold to Humana (a public company) in 2005. Founder and controlling shareholder of Atlantic Dental, Inc., a dental HMO, which was sold to Doral Dental in 2008. Founder and controlling shareholder of Hospitalists of America which was sold to IPC The Hospitalist Company, Inc. (a public company) in 2008. Controlling interest in Navarro Discount Pharmacies, the largest retail pharmacy chain in the U.S. focused on the Hispanic market. Controlling shareholder in NutriForce, a vitamin manufacturing and distribution company. Founder and controlling shareholder in Simply Healthcare Plans, a health maintenance organization (HMO). Acquired controlling interest in MSD, a Massachusetts based distribution company sold in 2010. Mr. Fernandez currently serves on the board of directors of MEDNAX, Inc. (NYSE: MD). His community service endeavors include serving on the Health Care Policy Advisory Council of Harvard Medical School and having served on the boards of the United Way of Miami-Dade County, the University of Miami, the Miami Children's Hospital Foundation, and the Sylvester Cancer Hospital. Mr. Fernandez has been honored frequently with recognition for his business acumen. He was named Ernst & Young Entrepreneur of the Year in 1995. He attended the University of New Mexico and Northern Virginia Community College. In 2012, he was awarded a Doctor of Humane Letters Honoris Causa by St. Thomas University. The degree recognizes outstanding achievements as a humanitarian, business leader and philanthropist. He was honorably discharged from the U.S. Army in 1975. 2006-2007 Highlights - Acquisition of Medical Specialties Distributors in Boston, Massachusetts - Acquisition of NDP - Acquisition of FDC Vitamins, Inc. - Acquisition of Nutri-Force, Inc. 2008 Highlights - Acquisition of Omni Healthcare - Divestiture of HealthCare Atlantic - Divestiture of Hospitalists of America 2009 Highlights - Acquisition of Homecare Solutions Group - Acquisition of Innovative Medical Systems - Acquisition of Outpatient Infusion Systems 2010 Highlights - Divesture of Medical Specialties Distributors - Acquisition of Medicaid Assets of Total Health Plans - Acquisition of Better health, a PSN 2011 Highlights - Acquisition of SunCrest Healthcare - Investment in eMindful - Investment in Concordia Behavioral Health e-mail address: mfernandez@mbfhp.com << back

Mike Fernandez, Chairman

Miguel (Mike) Fernandez currently serves as Chairman of MBF Healthcare Partners, L.P., a private equity firm located in Coral Gables, Florida. The firm focuses on investing in healthcare service companies nationwide. Mr. Fernandez's career has centered on acquiring, growing and divesting of healthcare services companies. He is married to Constance Fernandez and has five children.

Mr. Fernandez was Founder, President and CEO of Group Tech Systems, Inc., the first national database of group health insurance information. Founder and CEO of Comprehensive Benefit Administrators, Inc. (CBAI) which was sold to RHMO (a public company) in 1990. He served as Executive Vice President of Ramsay-HMO, Inc. from 1990 to 1992. Founder and CEO of Physicians Healthcare Plans, Inc., which was sold to Amerigroup Corporation (a public Company) in 2002. Founder and controlling shareholder of Prescribit Rx, which was sold to Humana (a public company) in 2005. Founder and CEO of CarePlus Health Plans, Inc., which was sold to Humana (a public company) in 2005. Founder and controlling shareholder of Atlantic Dental, Inc., a dental HMO, which was sold to Doral Dental in 2008. Founder and controlling shareholder of Hospitalists of America which was sold to IPC The Hospitalist Company, Inc. (a public company) in 2008. Controlling interest in Navarro Discount Pharmacies, the largest retail pharmacy chain in the U.S. focused on the Hispanic market. Controlling shareholder in NutriForce, a vitamin manufacturing and distribution company. Founder and controlling shareholder in Simply Healthcare Plans, a health maintenance organization (HMO). Acquired controlling interest in MSD, a Massachusetts based distribution company sold in 2010.

Mr. Fernandez currently serves on the board of directors of MEDNAX, Inc. (NYSE: MD). His community service endeavors include serving on the Health Care Policy Advisory Council of Harvard Medical School and having served on the boards of the United Way of Miami-Dade County, the University of Miami, the Miami Children's Hospital Foundation, and the Sylvester Cancer Hospital. Mr. Fernandez has been honored frequently with recognition for his business acumen. He was named Ernst & Young Entrepreneur of the Year in 1995.

He attended the University of New Mexico and Northern Virginia Community College. In 2012, he was awarded a Doctor of Humane Letters Honoris Causa by St. Thomas University. The degree recognizes outstanding achievements as a humanitarian, business leader and philanthropist. He was honorably discharged from the U.S. Army in 1975.

2006-2007 Highlights
- Acquisition of Medical Specialties Distributors in Boston, Massachusetts
- Acquisition of NDP
- Acquisition of FDC Vitamins, Inc.
- Acquisition of Nutri-Force, Inc.

2008 Highlights
- Acquisition of Omni Healthcare
- Divestiture of HealthCare Atlantic
- Divestiture of Hospitalists of America

2009 Highlights
- Acquisition of Homecare Solutions Group
- Acquisition of Innovative Medical Systems
- Acquisition of Outpatient Infusion Systems

2010 Highlights
- Divesture of Medical Specialties Distributors
- Acquisition of Medicaid Assets of Total Health Plans
- Acquisition of Better health, a PSN

2011 Highlights
- Acquisition of SunCrest Healthcare
- Investment in eMindful
- Investment in Concordia Behavioral Health

e-mail address: mfernandez@mbfhp.com
<< back

Apr 15, 2013 - Aetna Launches New Programs Designed to Help Reduce Metabolic Syndrome Risk Factors
HARTFORD, Conn.--(BUSINESS WIRE)--Aetna (NYSE: AET) today announced the launch of “Metabolic Health in Small Bytes” and the “Metabolic Health Advisor.” The two new components can help people control the risk factors associated with metabolic syndrome. Affecting one in four adults in the U.S., metabolic syndrome is one of the fastest growing health issues. Metabolic ...
More >>

Oct 16, 2012 - MBF Healthcare Partners Promotes Luis Gonzalez to Managing Director
Coral Gables, FL, October 16, 2012 - MBF Healthcare Partners, L.P. ("MBF"), a leading healthcare private equity firm, today announced that Luis Gonzalez has been promoted to Managing Director. Mr. Gonzalez joined MBF in 2006 as an Associate and was promoted to Director in 2008. He is responsible for leading the execution and oversight of certain new and existing MBF investments and ha...
More >>

Jun 28, 2012 - Nutri-Force Nutrition Opens New $13 Million Innovative SoftGel Vitamin Manufacturing Plant in Miami Lakes 400 New Jobs Added Over Three Years
Miami, FL June 28, 2012 - Nutri-Force Nutrition, a recognized cGMP leader in the contract manufacturing, private labeling, and branding of nutraceuticals, vitamins, and nutritional supplements, and an MBF Healthcare portfolio company, has opened its new $13 million softgel vitamin manufacturing plant in Miami Lakes at 14700 NW 60 Avenue. Nutri-Force expects to add 400 new jobs over the next three ...
More >>

1

Contact Us 121 Alhambra Plaza, Suite 1100 Coral Gables, Florida 33134 Telephone: 305-461-1162

121 Alhambra Plaza, Suite 1100
Coral Gables, Florida 33134
Telephone: 305-461-1162

Privacy Policy This privacy statement discloses the privacy practices for MBF Healthcare Partners. To demonstrate our commitment to your privacy, we disclose our information practices in this page of the website. MBF Healthcare Partners agrees to notify you of: What personally identifiable information of yours is collected from you through the website The organization collecting the information How the information is used With whom the information may be shared What choices are available to you regarding collection, use and distribution of the information The kind of security procedures that are in place to protect the loss, misuse or alteration of information under MBF Healthcare Partners's control Information Collection and Use MBF Healthcare Partners is the sole owner of the information collected on this site. We will not sell, share, or rent this information to others in ways different from what is disclosed in this statement. MBF Healthcare Partners collects information from our users at different points on our website. Registration Registration is not required to use this website. Log Files We use IP addresses to analyze trends, administer the site, track user's movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information. Links This web site may contain links to other sites. Email Updates If a user wishes to receive to our email updates, we ask for an email address. If they no longer wish to receive MBF Healthcare Partners updates, users can email unsubscribe@mbfhp.com to be removed from our list, or go the Contact Us page to remove their name from the email list. Security This website takes every precaution to protect our users' information. When users submit information via the website, your information is protected both online and off-line. We also do everything in our power to protect user information off-line. All of our users' information is restricted to key individuals. Only mbfhp.com administrators who need the information to distribute email updates are granted access to personally identifiable information. Finally, the servers that we store personally identifiable information on are kept in a highly secure environment. The data center is monitored for all aspects of operational security, and environmental conditions. It is equipped with state-of-the-art security and environmental monitoring systems. These systems include: Card readers PINs Biometrics Multiple sensors for intrusion detection Additional sensors detect variations in temperature and humidity, as well as smoke and other changes in critical system environments. If you have any questions about the security at our website, you can send an email to webmaster@mbfhp.com. Notification of Changes If we decide to change our privacy policy, we will post those changes on our Homepage so our users are always aware of what information we collect, how we use it, and under which circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.

This privacy statement discloses the privacy practices for MBF Healthcare Partners. To demonstrate our commitment to your privacy, we disclose our information practices in this page of the website. MBF Healthcare Partners agrees to notify you of:

What personally identifiable information of yours is collected from you through the website
The organization collecting the information
How the information is used
With whom the information may be shared
What choices are available to you regarding collection, use and distribution of the information
The kind of security procedures that are in place to protect the loss, misuse or alteration of information under MBF Healthcare Partners's control

Information Collection and Use
MBF Healthcare Partners is the sole owner of the information collected on this site. We will not sell, share, or rent this information to others in ways different from what is disclosed in this statement. MBF Healthcare Partners collects information from our users at different points on our website.

Registration
Registration is not required to use this website.

Log Files
We use IP addresses to analyze trends, administer the site, track user's movement, and gather broad demographic information for aggregate use. IP addresses are not linked to personally identifiable information.

Links
This web site may contain links to other sites.

Email Updates
If a user wishes to receive to our email updates, we ask for an email address. If they no longer wish to receive MBF Healthcare Partners updates, users can email unsubscribe@mbfhp.com to be removed from our list, or go the Contact Us page to remove their name from the email list.

Security
This website takes every precaution to protect our users' information. When users submit information via the website, your information is protected both online and off-line.

We also do everything in our power to protect user information off-line. All of our users' information is restricted to key individuals. Only mbfhp.com administrators who need the information to distribute email updates are granted access to personally identifiable information.

Finally, the servers that we store personally identifiable information on are kept in a highly secure environment. The data center is monitored for all aspects of operational security, and environmental conditions. It is equipped with state-of-the-art security and environmental monitoring systems. These systems include:

Card readers
PINs
Biometrics
Multiple sensors for intrusion detection

Additional sensors detect variations in temperature and humidity, as well as smoke and other changes in critical system environments.
If you have any questions about the security at our website, you can send an email to webmaster@mbfhp.com.

Notification of Changes
If we decide to change our privacy policy, we will post those changes on our Homepage so our users are always aware of what information we collect, how we use it, and under which circumstances, if any, we disclose it. If at any point we decide to use personally identifiable information in a manner different from that stated at the time it was collected, we notify users by way of an email. Users will have a choice as to whether or not we use their information in this different manner. We will use information in accordance with the privacy policy under which the information was collected.