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 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:
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
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
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.
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
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
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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
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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
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Miguel "Mike" Fernandez, Chairman
Jorge Rico, Managing Director
Marcio Cabrera, Managing Director
Luis Gonzalez, Managing Director
Alexander Fernandez, Senior Associate
Finance & Administration
Isabel Pena, Chief Financial Officer
Roger J. Medel, M.D.
Carlos A. Saladrigas
Phillip Frost, M.D.
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.
- Acquisition of Medical Specialties Distributors in Boston, Massachusetts
- Acquisition of NDP
- Acquisition of FDC Vitamins, Inc.
- Acquisition of Nutri-Force, Inc.
- Acquisition of Omni Healthcare
- Divestiture of HealthCare Atlantic
- Divestiture of Hospitalists of America
- Acquisition of Homecare Solutions Group
- Acquisition of Innovative Medical Systems
- Acquisition of Outpatient Infusion Systems
- Divesture of Medical Specialties Distributors
- Acquisition of Medicaid Assets of Total Health Plans
- Acquisition of Better health, a PSN
- Acquisition of SunCrest Healthcare
- Investment in eMindful
- Investment in Concordia Behavioral Health
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 ...
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...
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 ...
121 Alhambra Plaza, Suite 1100
Coral Gables, Florida 33134
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