#USA #Palladium Equity #DME Express #Accord Asset #San Diego, Texas

Accord Asset Partners Completes DME Express Acquisition

Accord Asset Partners, along with its affiliates, proudly announces the successful sale of a majority equity stake in DME Express, an established provider of durable medical equipment, to Palladium Equity Partners, LLC. This transaction, which closed on March 25, 2026, marks an important milestone in the growth trajectory of DME Express, as Palladium aims to work closely with CEO Mark Borneleit and his dedicated team.

Background on DME Express

DME Express has been a critical player in the healthcare sector, particularly for hospice providers across the United States, operating in nine states through a vast network of over 70 warehouse locations. Since its inception, the company has developed a diverse product range that includes durable medical equipment vital for hospice care, such as specialized beds, respiratory aids, and mobility devices. The business model hinges on recurring per-patient-day contractual arrangements, ensuring consistent service delivery to hospices and patients.

Mark Borneleit, the CEO, expressed enthusiasm about the new partnership with Palladium, highlighting their previous experience in the hospice industry as a key factor in driving DME Express to its next phase of growth. He emphasized that the collaboration seeks to expand their service capabilities, geographic reach, and strategic acquisitions aimed at providing the best care for hospice providers and their patients.

Accord's Journey with DME Express

Founded over a decade ago to address the immediate needs of hospices and nursing facilities, Accord Asset Partners has successfully developed DME Express into a trusted provider of high-quality equipment and service. Kevin Webb, the founding partner of Accord, along with Borneleit, recognized the unique requirements of the industry and aimed to establish a superior service platform at the intersection of healthcare and logistics.

With over 150 years of collective experience in hospice and nursing facility operations, the management team at DME Express has consistently prioritized availability, quality, and customer service. Webb highlighted the pride he feels after more than 12 years of nurturing DME Express, stating, We have created a mission-critical platform that is well-positioned for the future, and partnering with Palladium provides exciting opportunities for the next chapter.

Future Prospects

As Palladium takes the reins, the focus will be on scaling the business and innovating to maintain the high standards that DME Express is known for. The acquisition represents Palladium's second investment in the hospice sector and serves as the second platform investment by Palladium Equity Partners VI, LP. The company's strategic direction under new ownership aims to fortify its capabilities and continue its commitment to delivering exceptional service.

In summary, this acquisition marks a significant development within the hospice equipment industry, ushering in a new era for DME Express. The partnership with Palladium promises not only to enhance service offerings but also to expand the company’s operational footprint, ultimately benefiting hospice providers and the patients they serve.

For more information about DME Express and their offerings, visit www.dmeexpress.com. For more on Accord Asset Partners and their investment philosophy, check out www.accordap.com.