MBF Healthcare Acquisition Corp. Announces Exercise of Over-Allotment Option

  
    
  
  
    
      MBF Healthcare Acquisition Corp. (AMEX:MBH.U) announced today the full 
      exercise of the over-allotment option relating to its initial public 
      offering for an additional 2,812,500 units. The 21,562,500 units sold in 
      the initial public offering, including the 2,812,500 units sold pursuant 
      to the over-allotment option, were sold at an offering price of $8.00 
      per unit, generating total gross proceeds of $172,500,000. Prior to the 
      consummation of the initial public offering, MBF Healthcare Partners, 
      L.P., the founding stockholder of the Company, purchased from the 
      Company, in a private placement, 343,750 units at a price of $8.00 per 
      unit and 4,250,000 warrants at a price of $1.00 per warrant, for an 
      aggregate purchase price of $7,000,000, resulting in total gross 
      proceeds of $179,500,000. Of this amount, $170,962,500 (or approximately 
      $7.93 per unit) has been placed in trust.
    
    
      About MBF Healthcare Acquisition Corp.
    
    
      MBF Healthcare Acquisition Corp. is a blank check company formed for the 
      purpose of acquiring, through a merger, capital stock exchange, stock 
      purchase, asset acquisition or other similar business combination, one 
      or more operating businesses in the healthcare industry.
    
    
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      This press release shall not constitute an offer to sell or the 
      solicitation of an offer to buy the Company's securities, nor shall 
      there be any sale of these securities in any state or jurisdiction in 
      which such offer, solicitation, or sale would be unlawful prior to 
      registration or qualification under the securities laws of such state or 
      jurisdiction. The offering is being made only by means of a prospectus, 
      copies of which may be obtained by contacting Merrill Lynch & Co., 4 
      World Financial Center, New York, New York 10080, telephone: (212) 
      449-1000.
    
    
      Any statements contained in this press release that do not describe 
      historical facts may constitute forward-looking statements as that term 
      is defined by the United States Private Securities Litigation Reform Act 
      of 1995. Any such forward-looking statements contained herein are based 
      on current expectations, but are subject to a number of risks and 
      uncertainties that may cause actual results to differ materially from 
      expectations such as material adverse events affecting the Company, the 
      ability of the Company to complete a business combination and those 
      other risks and uncertainties detailed in the Company's filings with the 
      Securities and Exchange Commission.