Miguel (Mike) Fernandez

Miguel Fernandez
Personal details
Born	Miguel Fernandez August 5, 1952 (1952-08-05) (age 59) Cuba
Residence	Miami, Florida
Profession	Entrepreneur

Miguel (Mike) Fernandez is a Cuban-American healthcare entrepreneur.

Early career

After being Honorably Discharged from the U.S. Army in 1975, Miguel Fernandez founded Group Tech Systems, Inc., a US national database of group health insurance information. In 1985 founded Comprehensive Benefit Administrators, Inc. a third party administrator of health benefits which was sold in 1990 to Ramsay HMO a public company. He served as Executive Vice President of Ramsay Health maintenance organization (HMO), Inc. from 1990 to 1992.

Healthcare investments

In 1992, Miguel Fernandez was the founder and CEO of Physicians Healthcare Plans, Inc., an HMO based in Florida that was later sold in January 2003 to Amerigroup Corporation (NYSE: AGP) for $178 million ($121 million purchase price and $57 million cash).

In 2002, Miguel Fernandez was founder and CEO of CarePlus Health Plans, Inc, a Medicare Advantage HMO with 50,000 members. In December 2004 CarePlus Health Plans was sold to Humana (NYSE: HUM) for $408 million.

Current business

Since 1995, he has been a member of the board of directors of Mednax, Inc. (NYSE: MD) a National Medical Group.

He is the founder and Chairman of the Board of MBF Healthcare Partners, L.P. a private equity firm that focuses on investments in healthcare and health and wellness companies

Other interests

Serves on the Board of Trustees at the University of Miami

Owns Little River Plantation in Florida, with timber and cattle interests

Philanthropic work

Philanthropic involvement includes:

• Miami Children’s Hospital – Miami, Florida - $5 million gift for Hospital Trauma Center
• Xavier High School – New York City - $5 million gift for high-tech auditorium and theater
• St. Thomas University – Miami, Florida – $3 million gift to establish leadership program
• Belen Jesuit High School – Miami, Florida

References

^{[1] [2][3][4][5][6][7][8][9][10][11][12]}

1. ^ "Physicians Healthcare Plans, Inc. -PHP- Completes the Sale of Its Medicaid, Healthy Kids and Summit Programs to AMERIGROUP Corporation | Business Wire". Find Articles. 2003-01-13. http://findarticles.com/p/articles/mi_m0EIN/is_2003_Jan_13/ai_96373879/. Retrieved 2011-10-20. 
2. ^ South Florida Business Journal. "Humana to buy CarePlus - South Florida Business Journal". Bizjournals.com. http://www.bizjournals.com/southflorida/stories/2004/12/13/daily12.html. Retrieved 2011-10-20. 
3. ^ Name (e.g. Bill Gates). "Corporate Executives & Directors Search Directory". People.forbes.com. http://people.forbes.com/profile/michael-b-fernandez/62447/. Retrieved 2011-10-20. 
4. ^ http://www.mednax.com/body_about.cfm?id=24/
5. ^ http://www.mbfhp.com/
6. ^ [1]^{[dead link]}
7. ^ [2]^{[dead link]}
8. ^ [3]^{[dead link]}
9. ^ "Xavier alumnus gives $5 million to build new, high-tech auditorium". Thevillager.com. http://www.thevillager.com/villager_163/xavieralumnusgives.html/. Retrieved 2011-10-20. 
10. ^ "Xavier High School - Alumni Home Page". Xavierhsalumni.org. http://www.xavierhsalumni.org/s/81/index.aspx?sid=81&gid=1&pgid=921/. Retrieved 2011-10-20. 
11. ^ [4]^{[dead link]}
12. ^ "Blackbaud NetCommunity". Belenjesuit.org. http://www.belenjesuit.org/page.aspx?pid=1218/. Retrieved 2011-10-20. 

Further reading

• Mike Vogel "What's Mike Fernandez's Encore?" trend.com, 05/01/2008
• Kevin Gale "Power Leaders in Health Care" bizjournals.com, 06/03/2011
• "Hispanic Business, 100 Influentials" hispanicbusiness.com, 09/22/2011
• Sara Fernandez "The 25 Best Latinos in Business" hispanicbusiness.com

Persondata
Name
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Short description
Date of birth	August 5, 1952
Place of birth	Cuba
Date of death
Place of death