Bonafide Medical Group Expands Operations
THOUSAND OAKS, CA (August 17, 2022) – Bonafide Medical Group (“Bonafide”), a leading business workflow management and facility portal for the Durable Medical Equipment (“DME”) and Home Medical Equipment (“HME”) industries, announced today a joint investment from CVF Capital Partners (“CVF”) and DCA Capital Partners (“DCA”).
Steve Mills, Partner at DCA, said, “It is an honor to partner with a rapidly growing company led by a talented management team. Their continuous innovation has resulted in steady growth with a client pipeline that’s stronger than ever. We hope to build on that success by helping Bonafide take advantage of previously untapped opportunities. Partnering with CVF will help Bonafide continue their growth.”
Jose Blanco, Founding and Managing Partner at CVF, said “We are excited to be partnering with DCA on this investment. DCA originally invested in Bonafide with the goal of further extending Bonafide’s features and functionality and to expand its distribution channels. We hope to help support this expansion.”
“We have been extremely impressed with Mark Ludwig, Bonafide’s CEO, on his vision and execution; we look forward to working with Mark, Bonafide, and the DCA team in this investment,” said Brian Hoblit, Vice President at CVF Capital Partners.
About Bonafide Medical Group
Bonafide Medical Group (“Bonafide”) is a cloud-based healthcare information technology company. With 40 years of experience in healthcare, Bonafide provides enterprise resource planning platforms that provide comprehensive management solutions in the acute and post-acute care settings. Bonafide was founded in 1981 and is based in Thousand Oaks, California. For more information, please visit www.bonafide.com.
About CVF Capital Partners
CVF Capital Partners (“CVF”) was established in 2005 to finance later-stage growth, recaps, and buyout opportunities across the lower middle market. CVF invests both mezzanine debt and preferred equity and has raised $385 million in committed capital across its three funds. The firm focuses on supporting small businesses undergoing a ownership transition or looking for growth throughout the broader Western United States. For more information, please visit www.cvfcapitalpartners.com.
About DCA Partners
DCA Partners (“DCA”) provides capital to growth-oriented, middle-market businesses in under-served communities across California and other western states. DCA partners with top-quality owners and management teams, providing the capital and expertise needed to successfully expand their businesses. For more information, please visit www.dcapartners.com/.
For More Information, Contact:
Jose Blanco, Managing Partner
CVF Capital Partners
Tel: (530) 757-7004