A Disciplined Approach to Investing

Our disciplined approach to investing is driven by a desire to align MBF with outstanding companies and individuals. Investments are made in companies that have;

• Significant growth opportunities
• Talented management teams with a proven track record of success in
   healthcare
• Business models that produce sustainable cash flow

Additionally, we pursue opportunities where we can offer more than just financial capital. Our experience and industry relationships should provide additional catalysts for growth.

Atlantic Dental, Inc.

Headquarted in Coral Gables, Florida, Atlantic Dental, Inc. ("ADI") opened its doors in 1997 with one client and has quickly grown to become a provider of dental services to more than 650,000 members throughout the state of Florida. A statewide network of more than 1,300 licensed and credentialed dentists and dental specialists throughout Florida provide services to ADI's members. ADI offers a complete array of dental plans including discounted fee for service, managed dental care, and third party administrative services for self-insured dental plans, which meet the diverse needs of the various HMOs, government agencies, associations, employer groups and individuals served by the company. ADI is licensed through the Department of Financial Services as a prepaid limited health service organization (PLHSO) as well as a discount medical plan organization (DMPO).

ADI was sold to Doral Dental, a subsidiary of DentaQuest, in March 2008.

Hospitalists of America, LLC

Headquartered in Florida, Hospitalists of America ("HOA") is one of the largest inpatient management companies serving Florida. The company is founded on the principal of improving the quality and continuity of inpatient management for hospitals, health plans, primary care physicians and most importantly patients and their families. HOA improves the quality of care and efficiency of inpatient management by establishing the best possible practices, identifying and removing efficiency barriers, and measuring outcomes. HOA is a leader in improving the well-being of hospitalized patients, while reducing their associated costs, and most importantly, reducing their length of stay.

HOA was sold to IPC The Hospitalist Company, Inc. (Nasdaq: IPCM), in August 2008.

Medical Specialties Distributors, LLC

Headquarted in Stoughton, Massachusetts, Medical Specialties Distributors ("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.

MSD was sold to Water Street Healthcare Partners in July 2010.

Navarro Discount Pharmacies, LLC

Headquartered in Miami, Florida, Navarro Discount Pharmacies ("Navarro") was founded in Havana, Cuba in 1940 and opened its first store in the United States ("U.S.") in 1961. With 20 stores and 1,400 employees, Navarro is the largest Hispanic-owned drugstore chain in the U.S. The stores cater to the Hispanic market and further differentiate themselves by offering many products and services that are not found in traditional drugstores such as: wireless phones, designer fragrances and in-store healthcare clinics. Due to the niche product offering and deep assortment of product categories, Navarro leads the drugstore industry in sales per store, front end sales per square foot and prescriptions filled per store.

Visit the Navarro website at www.navarro.com.

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 www.nutriforce.com

Omni Home Health Services, LLC

Headquartered in Coral Springs, Florida, OMNI Home Health Services, LLC ("OMNI") is a leading provider of high quality, multidisciplinary home health care services to the elderly. OMNI services its patients in thirty-two locations throughout Florida, Pennsylvania, Indiana, Ohio and Illinois. With over 1,200 nurses and therapists OMNI provides a continuum of preventive and ongoing health care services to meet its patient's specialized and individual needs.

Visit the OMNI Home Care website at www.omnihha.com

Simply Healthcare Plans, Inc.

Headquartered in Coral Gables, Florida, Simply Healthcare Plans, Inc. ("SHP") is a managed care organization. SHP was founded to provide individuals quality health care and related services.