Morrison Foerster advised Palladium Equity Partners, LLC, a Certified B Corp and the oldest minority-owned private equity buyout firm (along with its affiliates, “Palladium”), on a definitive agreement to acquire a majority equity interest in DME Express (“DME Express”), an established provider of durable medical equipment serving hospice providers across the United States. DME Express would be Palladium’s second investment in the hospice industry since inception, and the second platform investment by Palladium Equity Partners VI, LP. The closing of the contemplated transaction is subject to the satisfaction or waiver of certain conditions.
The MoFo team advising in connection with the acquisition of DME Express was led by private equity/M&A partners James Lee and Michael Santos, together with associates Stefan Rajiyah, Melinda Shannon, and Daniel Villa.
The MoFo team advising in connection with the acquisition financing was led by private equity/finance partners Dario Avram, Eric Min and Jake Burne, along with associate Garrett Jones.
Invaluable assistance was provided by tax partner Richard Nugent and associate Kristie Espiritu; healthcare/FDA of counsel Megan K. Dhillon and associate Lindy Pittman; executive compensation partner Josh Lerner and associates Andre Silva Amorim and Arton Falahati; employment + labor partner Michael Schulman and associates Marcus Grimes and Melissa Harclerode; data, cyber + privacy partner Melissa Crespo and associate Carson Martinez; corporate associate Angelina Ditta; and technology transactions associate Scott Chen.
Read Palladium’s press release.
