MediLogix

“MediLogix approached CapX with specific needs in a new debt structure. As we grow, there is a lag time from capital investments to the start of the associated revenue. CapX listened carefully and proposed a loan structure that addressed the way we do business that made a lot of sense for MediLogix."Harry Felber, President, MediLogix, LLC

INVESTMENT SITUATION

MediLogix is a rapidly growing healthcare services company engaged in providing on-demand rental services of durable medical equipment and respiratory equipment to skilled nursing, rehabilitation, long-term acute care facilities and hospice providers. The company has long-term contracts with skilled nursing operators and hospice providers. MediLogix operates 24/7/365 and provides rental equipment, typically within 4 hours of a customer request, from one of its numerous service centers. The Company’s business model generates recurring revenue and reliable cash flow with visibility of future revenues and earnings. Management has focused on several key initiatives to support growth including building and expanding its geographic footprint nationally, increasing brand awareness, and attracting and hiring a highly skilled team of professionals. The Company focuses on taking a consultative approach that uses innovative business intelligence tools to help customers make good decisions, manage their rental usage efficiently, and ultimately realize meaningful cost savings.

THE CAPX SOLUTION

CapX recognized MediLogix's success in the on-demand rental services of durable medical equipment as well as its high potential for growth. In order to meet MediLogix’s projected inventory demands, CapX provided a customized senior term loan. This facility will fund new durable medical equipment, fulfilling the Company’s increased customer demands. With fast turnaround and a hands-on approach, CapX will enable MediLogix to achieve all of its financing needs.

“CapX appreciates MediLogix’s customer-centric platform created by Harry Felber and his dedicated investor group. MediLogix provides high quality, durable medical equipment to its customers and stands out for its responsiveness and willingness to help customers manage their equipment needs efficiently. The Company’s proven platform, management acumen, and pipeline of new business, convinced us to invest in MediLogix’s next phase of growth. We look forward to supporting MediLogix in the years ahead.”-Stephen J. Healey, Managing Director, CapX Partners