MediLogix closes on loan
By HME News Staff
Updated Tue November 10, 2015
DENVER - MediLogix has closed on a $4 million senior term loan from CapX Partners. The provider of rental DME and respiratory equipment to skilled nursing, rehab, long-term acute care facilities and hospice providers, will use the loan to buy additional equipment to fulfill its increased customer demands, according to a release. “With management focused on several key initiatives to support growth—including building and expanding its national geographic footprint, hiring and increasing their brand awareness—they needed to keep up with projected inventory demands,” according to the release from CapX Partners, a specialty finance company that focuses on private equity and venture-backed portfolio companies looking for debt financing in the $2 million to $20 million range.
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