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.
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.
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
.

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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 www.simplyhealthcareplans.com


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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. 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 having completed the El Camino de Santiago de Compostela walk (a 501 mile walk from France to Spain) to benefit Miami Children’s Hospital and having raised over $1.5 million. He has 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 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.

e-mail address: mfernandez@mbfhp.com

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News
Jun 09, 2014 - MBF Healthcare Partners, L.P. Announces Sale of Nutri-Force Nutrition
CORAL GABLES, FL - June 9, 2014 – MBF Healthcare Partners, L.P. (“MBF”), a healthcare-focused private equity firm, announced today the sale of one of its portfolio companies, FDC Vitamins, LLC, doing business as Nutri-Force Nutrition (“Nutri-Force”), to Vitamin Shoppe, Inc. (NYSE: VSI, “Vitamin Shoppe”), a leading multi-channel specialty retailer of nutrit...
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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 ...
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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...
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Contact Us
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:
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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.

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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.