M&A Deal Summary

MBF Healthcare Partners Acquires Palm Medical Centers

On January 1, 2013, private equity firm MBF Healthcare Partners acquired healthcare services company Palm Medical Centers

Acquisition Highlights
  • This is MBF Healthcare Partners’ 6th transaction in the Healthcare Services sector.
  • This is MBF Healthcare Partners’ 9th transaction in the United States.
  • This is MBF Healthcare Partners’ 7th transaction in Florida.

M&A Deal Summary

Date 2013-01-01
Target Palm Medical Centers
Sector Healthcare Services
Buyer(s) MBF Healthcare Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Palm Medical Centers

Coral Gables, Florida, United States
Palm Medical Centers is a provider of primary care physician services to a member population with a concentration in Medicare Advantage and Managed Care Medicaid patients. In addition to primary care services, the Company also coordinates Cardiology, Dentistry, Optometry, Pediatrics, Podiatry, and Psychiatry services. Palm Medical Centers is based in Coral Gables, Florida.

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Buyer(S) 1

Buyer

MBF Healthcare Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 397M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

MBF Healthcare Partners (MBF) is a specialist private equity firm that makes investments in emerging and established healthcare companies. MBF seeks investments in businesses with EBITDA of at least $5 million and valued up to $300 million. MBF prefers control ownership positions with typical acquisitions coming in the form of outright business purchases, growth financings, or recapitalizations. MBF Healthcare Partners is based in Coral Gables, Florida.


DEAL STATS #
Overall 9 of 17
Sector: Healthcare Services M&A 6 of 11
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 9
State: Florida M&A 7 of 10
Country: United States M&A 9 of 17
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-27 eMindful

Orlando, Florida, United States

eMindful is a specialized, comprehensive solution 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 to prevent, mitigate, and slow the progression of diseases associated with family, work, and lifestyle risk factors. eMindful was founded in 2003 and is based in Vero Beach, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-05 SunCrest Healthcare

Madison, Tennessee, United States

SunCrest Healthcare is a provider of multidisciplinary home health care services to the elderly. The Company operates over 90 branches across 10 states, employing more than 3,000 healthcare professionals and also provides private duty outpatient rehabilitation and hospice services in select markets.

Sell $76M