Dext Capital Acquires Elite Capital Team to Lead Specialty Healthcare
DEC 14, 2021 - 6:32 am
Dext Capital acquired the Elite Capital team to lead its specialty healthcare division. The acquisition brings together complementary strengths of both organizations and enhances Dext Capital’s competitive edge through both vendor and nationwide direct sales efforts in the aesthetic and medical wellness space.
“We’re excited to join forces with Elite Capital. By combining Elite’s deep knowledge within specialty healthcare finance and Dext’s well-earned reputation for speed, flexibility and innovation, we are able to offer a compelling alternative to the market,” Kyin Lok, CEO of Dext Capital, said.
Dext Capital is an independent lessor created for the healthcare industry. The company is not reliant on brokering deals to banks to fund its business growth. Rather, Dext Capital will use its warehouse lending capacity and balance sheet to power the Elite team to better address the underserved needs of the small to mid-ticket aesthetic laser and medical health provider market. As a direct lender, Dext Capital does not rely on outside credit parameters and makes its own credit-based decisions.
“We couldn’t be more pleased to take Elite Capital to the next level by joining Dext. By utilizing Dext’s advanced technology platforms and market-leading customer service, we will enhance our competitive position and supercharge our team’s growth,” Nick Careno, senior vice president of Elite Capital, said.
“It was clear from day one of our discussions that the executive team at Dext values relationships and embraces a ‘can-do’ attitude, which our valued vendor partnerships have come to benefit greatly from,” Jason Wise, senior vice president of Elite Capital, said. “I am excited to join a strong management team that understands the value of providing small businesses access to the capital they deserve to grow and prosper.”
Elite Capital will operate under the Dext Capital umbrella and will also expand its footprint with a new Boston call center facility dedicated to both end user and vendor origination through direct sales efforts and marketing campaigns. It will also offer working capital solutions in addition to its more traditional equipment finance products powered by Dext Capital’s proprietary DART (Dext Access in Real Time) technology.
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