December 19, 2005
CORAL GABLES, FL & NEW YORK & BOSTON – MBF Healthcare Partners, LP (“MBF”) announced today that is has acquired Medical Specialties Distributors, Inc. (“MSD”), the largest supplier of healthcare products and bio-medical equipment rentals and service in the home healthcare market. In 2005, MSD is expected to achieve revenue of approximately $80 million.
“We are very excited about the acquisition of MSD and look forward to working with management in achieving their growth strategy. We believe that MSD’s solid management team and infrastructure is well positioned to capitalize on their national footprint and increase market share through strategic acquisitions and the offering of additional products and services”, said MBF, Mike B. Fernandez.
About Medical Specialties Distributors, Inc.
Medical Specialties Distributors, Inc. (www.msdonline.com) is headquarted in Stoughton, Massachusetts. MSD was founded in 1984 as a distributor of home infusion therapy products and has become the largest supplier of healthcare products and bio-medical equipment rentals and service to the home healthcare market. MSD’s unique one-stop-shop business model combines the scale and pricing advantages of a national distribution company while offering its customers an unparalleled amount of value-added services. MSD offers its products and services through a national footprint of six distribution facilities, seven medical equipment and repair centers, and thirty medical equipment rental depots. MSD has over 3,800 active customers throughout the United States and Canada, ranging in size from single site providers to national home healthcare companies and small to middle-size hospitals. In addition, MSD’s portfolio of Group Purchasing Organization (“GPO”) agreements is unmatched by any other home healthcare supplier and comparable to the larger national hospital distributors in the United States.
About MBF Healthcare Partners, LP
MBF Healthcare Partners, LP (www.mbfhp.com) is a $200 million private equity fund focused on equity investments in emerging and growth companies in healthcare services with annual earnings between $5 million and $25 million. MBF Healthcare Partners, LP is minority owned and operated.