MBH Mbf Healthcare Acquisition Corp.

CORAL GABLES, Fla., Aug. 1 /PRNewswire-FirstCall/ -- MBF Healthcare Acquisition Corp. (AMEX:MBH), a publicly traded special purpose acquisition company, announced today that its financing commitment letter with Jefferies Finance LLC, dated February 6, 2008, expired pursuant to its terms on July 31, 2008. The commitment letter was executed in connection with MBH's proposed acquisition of Critical Homecare Solutions Holdings, Inc. ("CHS"), based on the signed definitive stock purchase agreement dated February 6, 2008 (the "Stock Purchase Agreement"). CHS is a privately-owned, leading provider of comprehensive home infusion therapy and specialty infusion services. MBH is currently engaged in seeking alternative sources of financing in connection with the transactions contemplated by the Stock Purchase Agreement. MBH and the Sellers have proposed to restructure the transaction in order to reduce the fully diluted enterprise value. As per the July 2008 investor presentation, the restructured enterprise value is now estimated at $479 million, revised from the original estimated enterprise value of $534 million. CHS provided 2008 EBITDA guidance of $43 million to $45 million and 2009 EBITDA guidance of $53 million to $55 million. On July 31, 2008, pursuant to an amendment to the Stock Purchase Agreement, MBH, CHS and the Sellers have agreed to set the termination date of the Stock Purchase Agreement as August 29, 2008, subject to the parties' ability to secure a new committed credit facility on or before August 29, 2008, and MBH's ability to acquire at least 16,171,875 warrants from certain MBH warrant holders in privately negotiated transactions and subsequently retire such warrants. If both of these conditions are met, the termination date will be extended to September 30, 2008. About MBF Healthcare Acquisition Corp. MBH is a special purpose acquisition 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. About Critical Homecare Solutions Holdings, Inc. CHS is a leading provider of comprehensive home infusion therapy and specialty infusion services to patients suffering from acute or chronic conditions. CHS delivers over 400,000 infusion pharmaceuticals, biopharmaceuticals, nutrients and related services each year to patients in the home through 35 infusion locations in 16 states, primarily in the eastern United States. CHS also provides over 350,000 nursing and therapy visits and approximately 600,000 private duty nursing hours each year to patients in the home through 32 home nursing locations in three states. CHS currently provides customized local clinical care to approximately 20,000 patients through its branch network and has relationships with approximately 450 payors, including insurers, managed care organizations and government payors. For more information on CHS please visit the company website at (http://www.criticalhs.com/). The information included on the CHS website is not incorporated by reference into this press release or in any filing with the Securities and Exchange Commission (SEC). Additional Information and Where to Find It On June 3, 2008, MBH filed an amended preliminary proxy statement concerning the proposed transaction, which is subject to review by the SEC. MBH stockholders and other interested persons are urged to read the proxy statement and other relevant materials when they become available as they will contain important information about MBH, CHS and the proposed transaction. Such persons can also read MBH's final prospectus dated April 17, 2007, for a description of the security holdings of the MBH officers and directors and their respective interests in the successful consummation of the proposed transaction. The definitive proxy statement will be mailed to stockholders as of a record date to be established for voting on the proposed transaction. MBH stockholders will be able to obtain a free copy of the definitive proxy statement through the SEC's internet website (http://www.sec.gov/). Copies of the proxy statement can also be obtained, without charge, by directing a request to MBF Healthcare Acquisition Corp., 121 Alhambra Plaza, Suite 1100, Coral Gables, FL 33134. Participants in Solicitation MBH and its directors and executive officers and CHS and its directors and executive officers may be deemed to be participants in the solicitation of proxies from the holders of MBH stock in respect of the proposed transaction. Investors may obtain additional information regarding the interest of such participants by reading the definitive proxy statement relating to the proposed transaction and MBH's Annual Report on Form 10-K for its fiscal year ended December 31, 2007 when they become available. Forward Looking Statements 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 MBH and CHS, their ability to complete a business combination and those other risks and uncertainties detailed in their filings with the SEC. MBH and CHS caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. MBH and CHS do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based. Contacts: Stephanie Carrington/Jared Hoffman The Ruth Group 646-536-7017 / 7013 DATASOURCE: MBF Healthcare Acquisition Corp. CONTACT: Stephanie Carrington, +1-646-536-7017, - Jared Hoffman, +1-646-536-7013, , both of The Ruth Group

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