DME Express, Baton Rouge, La, a leading technology-enabled provider of medical equipment solutions to the hospice industry, has completed its acquisition of Maryland-based Advanced Therapeutics. The transaction represents the fourth add-on acquisition for DME Express since the beginning of 2017. DME Express, which is backed by WayPoint Capital Partners, now serves more than 10,000 hospice patients in eight states and Washington, DC.
DME Express’ CEO, Mark Borneleit, stated “This transaction will enable us to continue our strategy of new market expansion by acquiring high-quality regional operations in fragmented markets ripe for consolidation, where DME Express can provide superior service, lower costs and higher quality equipment to customers,” says
Advanced Therapeutics was founded in 1995 by two industry veterans with over 50 years of experience providing medical equipment to the subacute healthcare industry, notes Borneleit. The company has been serving customers in the Mid-Atlantic for over 15 years, providing medical equipment to some of the largest hospice providers in the nation. Advanced Therapeutics’ strong reputation and established relationships in the area, combined with its experienced staff, provide a solid platform for DME Express to further expand in the Mid-Atlantic and other parts of the country, he adds.
Since partnering with WayPoint Capital Partners, DME Express has continued its rapid organic and acquisition-based growth strategy, completing four add-on transactions and adding over 4,000 new patient census across several markets.
“DME Express is in the enviable position to be coming to new markets based on demand from customers,” says Philip Edmunds, Principal at WayPoint Capital Partners. “The management team has a strong track record of partnering with acquired regional operators, improving operations and service levels, and leveraging its proprietary technology and scale to become the dominant provider in each market it serves. We expect to continue to see strong acquisition-based and organic growth over the next few years.”
Other acquisitions completed by DME Express since the beginning of 2017 include the purchase of the hospice medical equipment operations of a local provider in the Little Rock, Ark market, the acquisition of the medical equipment division of the largest hospice in Arkansas, and the purchase of the largest provider of hospice medical equipment in northern Mississippi.
For more information, visit DME Express.