WayPoint Capital backs DME Express

DME Express, a provider of durable medical equipment services for the hospice industry, has secured an undisclosed amount of funding. The investor was WayPoint Capital Partners. Gar Wood Securities was financial adviser to DME Express on the transaction.


December 19, 2016 – (Baton Rouge, LA) – DME Express, a leading Southeast-based provider of durable medical equipment rental and services to the hospice industry, has secured an undisclosed amount of growth equity financing from WayPoint Capital Partners, the direct investment affiliate of a single family office with several billion dollars in assets under management.

Concurrent with the equity financing, DME Express also secured a significantly expanded credit facility from its existing lender, Bank of Oklahoma (NASDAQ: BOKF). The funds from this financing will be used to support the company’s rapid growth and its continued expansion as a regional leader in providing durable medical equipment solutions tailored to the needs of the hospice industry.

“Since acquiring the DME Express platform in 2012, we have achieved exponential growth in the number of customers and patients served and a strong demand in the market for our hospice-specific durable medical equipment solutions by providing our customers with faster service, higher quality equipment, and lower pricing than any of our competitors,” said Mark Borneleit, CEO of DME Express. “This capital raise will enable DME Express to continue to make significant new investments in equipment, technology and expansion into new geographic markets. We are very excited to be able to leverage WayPoint’s experience in both healthcare and logistics, to help support and accelerate our continued growth.”

The DME Express management team has over 100 years of hospice and nursing facility experience and understands the unique needs of its customers. With over 100,000 square feet of warehouse space across six states, over $20 million dollars invested in inventory, and over 120 delivery technicians and vehicles, DME Express can fulfill any order, of any size, at any time for its customers. In addition, DME Express has developed a proprietary software platform, which enables the company to provide consolidated data and analytics to its customers. DME Express has been accredited by the Accreditation Commission for Health Care (ACHC) since 2009.

“WayPoint is thrilled to partner with DME Express and support its continued growth,” added Philip Edmunds, Vice President at WayPoint Capital Partners. “We believe the management team’s significant industry experience and focus on high quality service to its customers will differentiate the company long term. We look forward to pursuing the numerous organic and inorganic growth opportunities available as a regional leader in a fragmented but consolidating industry.”
Gar Wood Securities served as the exclusive financial advisor to DME Express on the transaction.

About DME Express
DME Express was founded over 10 years ago to fulfill its mission of providing hospices and nursing facilities with the highest quality equipment and service, at the lowest price, whenever they need it. The founders and managers of DME Express have over 100 years of hospice and nursing facility experience and understand the unique needs of hospices and nursing facilities. Since 2006, DME Express has expanded to become the provider of choice in every market within its service areas. DME Express is committed to always be available to its patients with high quality medical equipment, proprietary technology, and unmatched customer service. For more information: www.dmeexpress.com.

About WayPoint Capital Partners
WayPoint Capital Partners, based in Rye, NY, is the direct investing affiliate of a single family office with several billion dollars in assets under management. WayPoint focuses on partnering with entrepreneurs across the middle market healthcare, logistics and business services sectors to grow their businesses organically and through add-on acquisitions. As a balance sheet investor with a perpetual capital source, WayPoint does not have predefined holding periods or exit horizons and can focus exclusively on long term capital appreciation. For more information: www.waypointcapitalpartners.com.

About Gar Wood Securities
Gar Wood Securities, LLC is U.S. broker-dealer and member of FINRA, SIPC and NFA that provides clients access to major global markets and alternative investments in private growth companies as well as hedge funds. Gar Wood Securities Private Capital Group extends the firm’s capital raising efforts to US middle market private companies seeking early stage funding, growth capital, recapitalization or funding for special situations. Via a network of institutional investors, family offices and investment advisors, the placement team at Gar Wood is able to provide cost-effective access to capital solutions in an underserved and often overlooked segment of the industry. For more information: www.garwoodsecurities.net.