MediLogix obtains senior term loan to support business growth
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.
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. In order to meet MediLogix’s projected inventory demands, CapX provided a $4 million customized senior term loan to fund new durable medical equipment, fulfilling the Company’s increased customer demands.
“As we grow, there is a lag time from capital investments to the start of the associated revenue. Cap X listened carefully and proposed a loan structure that addressed the way we do business that made a lot of sense for MediLogix” stated Harry Felber, President, MediLogix, LLC.
