DME Express Announces Growth Equity Financing

DME Express, a leading Southeast-based provider of durable
medical equipment services to the hospice industry, has secured an
undisclosed amount of growth equity funding from WayPoint Capital
Partners

BATON ROUGE, La.–(BUSINESS WIRE)–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.

Contacts

Schifino Lee Public Relations
Media
Contact:

Ben Lee, 813-258-5858 x 224
ben@schifinolee.com

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