Enhanced Capital Provides $4.0 Million in Financing to HomeTown Oxygen

Enhanced Small Business Investment Company, LP, an affiliate of Enhanced Capital Partners, Inc., announced it recently provided $4.0 million in senior secured debt financing to HomeTown Oxygen. This transaction was one of four investments closed by ESBIC in the fourth quarter of 2012.

HomeTown Oxygen, a leading provider of home-based respiratory products and services, will use the proceeds to fund growth as the company continues its rapid expansion within the medical equipment industry.  HomeTown provides ventilators, nebulizers, oxygen concentrators, liquid oxygen systems, continuous positive airway pressure machines, and other durable medical equipment through five locations in the Charlotte and Winston-Salem metropolitan regions.  In 2011, HomeTown was ranked 60th on Inc. Magazine's list of the nation's fastest-growing privately held healthcare companies.

"HomeTown Oxygen's leadership team has built an outstanding company that offers best in class services and products," said Barry Osherow, Managing Director at Enhanced Capital. "This transaction marks the next phase of growth for the company and gives us an exciting opportunity to finance their expansion plans and increase their market share."

"This financing will allow HomeTown Oxygen to continue the growth of its respiratory business and expand into new locations," said Scott Dinning, CEO of HomeTown Oxygen.  "We're excited to partner with Enhanced Capital and look forward to working with the Enhanced Capital team over the coming years."

About Enhanced Capital

ESBIC is a SBIC fund set up for the purpose of providing debt and minority equity financing to U.S.-based lower middle market companies.  Enhanced Capital, headquartered in New York City, is a diversified private investment firm focused on established small and mid-sized companies overlooked by traditional sources of capital due to location or size.  Since 2000, Enhanced Capital has raised more than $600 million through a variety of state and federal public-private investment programs.  For more information, please visit www.enhancedcapital.com.

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