Healthcare Plus Supplies Secures $2.1M

Healthcare Plus Supplies, Inc., a newly formed durable medical equipment (DME) supplier that will provide products and services to local hospices and their patients, received $2.1m in financing from Advantage Capital Partners, a venture capital and small business finance firm.

The funding, raised in connection with the Texas Certified Capital Company (CAPCO) program, will allow the company to create 17 jobs in the Dallas area and purchase the necessary equipment to proceed with expansion plans.

Further growth is expected in the coming months, with the addition of two warehouses in Terrell and Greenville.

The company was established in 2009 by Dr. Bryan K. White and Mr. Suresh Kumar, current owners of Hospice Plus, Goodwin Hospice and Phoenix Hospice. After outsourcing the DME needs for their hospice companies for the past four years, the owners decided to open and operate their own DME company and become the exclusive provider to Hospice Plus.

Initially, Healthcare Plus Supplies will focus exclusively on providing DME and other supplies to their hospice companies. In the future, the company anticipates serving the needs of additional healthcare customers, including nursing home patients and assisted living patients.
Healthcare Plus Supplies will provide its customers with supplies and equipment including respiratory equipment, semi-electric hospital beds, oxygen concentrator, over bed tables, wheelchairs, nebulizers and other medical items. 

 

 

13/05/2010