A little-known Miami-area investment firm has set plans to raise $173 million through an initial public offering, with the purpose of snatching up as many as eight mid-sized healthcare companies within the next year. The firm, Coral Gables, FL-based MBF Healthcare Partners, currently manages a $200 million private equity fund financed largely with capital supplied by firm chairman Miguel Hernandez. MBF has management contracts Florida-based American Dental and Hospitalists of America. It also owns Stoughton, MA-based Medical Specialties Distributors.
In coming months, MBF is targeting mid-sized healthcare firms with revenues of $20 million to $100 million per year. Fernandez told the South Florida Business Journal that he's interested in home health care, managed care, long-term care and private healthcare services for the Canadian market.
- see this article for more information on the IPO
- read Hernandez's March interview with the South Florida Business Journal
- check out the MBF Healthcare Partners Web site for information on the company