DME Express, a Baton Rouge, La.-based provider of durable medical equipment rental and services to the hospice industry, secured an undisclosed amount of growth equity financing.
WayPoint Capital Partners, the direct investment affiliate of a single family office with several billion dollars in assets under management, made the investment.
Concurrent with the equity financing, DME Express also secured a credit facility from its existing lender Bank of Oklahoma (NASDAQ: BOKF).
The funds will be used to support the company’s growth and its continued expansion.
Led by Mark Borneleit, CEO, DME Express provides hospices and nursing facilities with providing durable medical equipment solutions. The company, which operates over 100,000 square feet of warehouse space across six states, employing over 120 delivery technicians and vehicles, has also developed a proprietary software platform to provide consolidated data and analytics to its customers.