Jorge Rico

Bio

Jorge Rico is a Co-Founding Partner of MBF Healthcare Partners, L.P. and has served as Managing Director of the firm since inception. He has directed MBF's development since its founding and manages all aspects of MBF's investment activities. His background includes 19 years of progressively responsible positions in healthcare companies, specializing in the development and implementation of strategic plans which create value. Prior to joining MBF Mr. Rico was the Chief Operating Officer of Ramsay Health Care, Inc. (NASDAQ: RHCI) a publicly-held psychiatric hospital company. Mr. Rico joined RHCI in 1997 and was a key member of the team that assumed management control of RHCI. At the time, RHCI had cumulative net losses during the prior four years of $39 million and was in default on its debt. After developing and implementing a turnaround strategy, management led the company to 17 consecutive quarters of growth and profitability prior to selling RHCI to Psychiatric Solutions, Inc. (NYSE: PSYS), the largest psychiatric hospital company at the time. He remained with PSYS for one year to assist with the integration and was the President of the largest division of PSYS during that time. Prior to joining RHCI, Mr. Rico was Executive Vice President of Administration and a key member of the management team of Ramsay-HMO, Inc. (NYSE: RMO), the second-largest publicly-held HMO in Florida during the early 1990's. In 1994, RMO was sold to United HealthCare (NYSE: UNH) for approximately $500 million, representing a return on investment capital of more than 10 times. Mr. Rico remained with UHC as a key member of the senior management team and assisted the Company in becoming the largest HMO in the State of Florida. Mr. Rico is a member of the board of directors of Navarro Discount Pharmacies, Nutri-Force Nutrition, Omni Home Care (Chairman) and Simply Healthcare Holdings and previously served on the board of Medical Specialties Distributors (Chairman). He is also a member of the St. Thomas University's President's Advisory Board. Mr. Rico holds a Masters in Business Administration specializing in Healthcare Administration from the University of Miami and a Bachelor's in Computer and Information Science from St. Thomas University