MBF Healthcare Partners (“MBF”) is a leading middle market healthcare private equity fund based in Coral Gables, Florida. For more information, please visit About MBF Healthcare Partners Our mission is to be the market leader in hospice and palliative care, by providing access to high quality specialty services, which embody clinical excellence, outstanding service, and compassionate care. The acquisition is expected to close in November and is subject to certain state regulatory notices, standard closing conditions and other customary approvals.Īffinity Hospice, a Birmingham, AL based hospice provider, is the leading provider of high-quality end of life care services in Alabama and Georgia. We look forward to assisting Ray and his team on expanding the high-quality hospice programs and services developed and offered at Affinity Hospice,” said Jorge Rico. “We have known and followed Ray’s success in the hospice industry over the past 25 years and are very fortunate and excited to formalize our partnership. Jorge Rico and Joseph Ibrahim, Managing Partners with MBF, worked closely with Ray Shrout and the entire Affinity Hospice team to complete the transaction. We look forward to working together with MBF to continue a Standard of Excellence in end of life care in the markets we serve,” said Ray Shrout. “The team at Affinity Hospice is excited with the new partnership and the experience, support, and value that MBF brings to our organization. Ray Shrout, CEO of Affinity Hospice, will maintain a substantial equity position in the company and together with MBF will work to create a best-in-class national provider of hospice services. ![]() Headquartered in Birmingham, Alabama, Affinity Hospice is a leading provider of hospice care services to patients in the Alabama and Georgia markets. The deal is expected to close in November.ĬORAL GABLES, Fla.–(BUSINESS WIRE)–MBF Healthcare Partners (“MBF”) is pleased to announce that it has executed a definitive agreement to acquire a majority interest in Affinity Hospice. MBF Healthcare Partners has agreed to acquire a majority stake in Birmingham, Alabama-based Affinity Hospice, a provider of hospice care services.
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