Accord Asset Partners Announces the Completion of Palladium Equity's Previously Announced Purchase of Majority Stake in DME Express

On March 25, 2026, Accord Asset Partners announced the sale of a majority equity interest in DME Express to Palladium Equity Partners, LLC. The financial terms of the transaction were not disclosed. This acquisition marks Palladium's second investment in the hospice industry and represents a significant move in the durable medical equipment sector, which is increasingly vital to healthcare delivery.

DME Express, founded over a decade ago, has established itself as a key provider of durable medical equipment (DME) for hospice providers across the United States. The company operates a network of over 70 warehouse locations and serves hospices and patients in nine states. DME Express offers a comprehensive range of products, including beds, respiratory equipment, and mobility aids, delivered under recurring contractual arrangements that ensure a steady revenue stream. The company’s commitment to high-quality service and equipment has made it a trusted partner for hospice providers and nursing facilities.

Palladium Equity Partners, known for its focus on partnering with management teams to drive growth, plans to collaborate closely with DME Express's CEO, Mark Borneleit, and his team. This partnership is expected to leverage Palladium's experience in the hospice sector to enhance DME Express's geographic footprint and service capabilities. Borneleit has expressed optimism about the collaboration, highlighting Palladium's track record of scaling businesses in the healthcare space.

The acquisition reflects broader trends within the durable medical equipment sector, where demand continues to rise due to an aging population and increasing reliance on hospice care. As healthcare providers seek to improve patient outcomes while managing costs, companies like DME Express that offer reliable and efficient service are well-positioned for growth. Palladium's investment strategy aligns with these sector dynamics, focusing on companies that can deliver essential services in a rapidly evolving healthcare landscape.

Looking ahead, the partnership between Palladium and DME Express is likely to catalyze further growth opportunities within the hospice industry. As the market for durable medical equipment expands, strategic acquisitions and enhancements in service delivery will be critical for companies aiming to maintain competitive advantages. The successful execution of this acquisition could set a precedent for future investments in the sector, highlighting the importance of operational excellence and strategic partnerships in driving value creation.