CapX Partners announced the closing of a $4 million senior term loan to MediLogix, a medical and respiratory equipment company.

The financing will be used to keep up with projected inventory demands. Specifically, the facility will fund new durable medical equipment.

“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,” said Harry Felber, president of MediLogix. “CapX listened carefully and proposed a loan structure that addressed the way we do business that made a lot of sense for MediLogix.”

MediLogix is a 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.

“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,” said Stephen J. Healey, managing director of CapX. “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.”