Palladium Equity agreed to acquire a majority stake in DME Express, a Texas-based provider of durable medical equipment serving hospice providers across the US. The deal sees Palladium taking over from seller WayPoint Capital Partners, with no financial terms disclosed. CEO Mark Borneleit and his founding team will continue to lead the business post-acquisition.

DME Express operates through a network of 70 plus warehouse locations across nine states, serving hospices and patients with specialized medical equipment. Founded in 2006, the company represents an attractive investment in a healthcare segment benefiting from demographic trends, according to Rafa Ortiz, head of services at Palladium.

Cain Brothers and Holland & Knight served as financial and legal advisors to DME Express, while Edgemont Partners and Morrison & Foerster advised Palladium on the transaction. The acquisition positions Palladium to expand its presence in the growing hospice medical equipment sector.