解:原式$=\frac {2n}{m+2n}+\frac {m}{2n-m}+\frac {4mn}{(2n+m)(2n-m)}$
$=\frac {2n(2n-m)}{(2n+m)(2n-m)}+\frac {m(2n+m)}{(2n+m)(2n-m)}+\frac {4mn}{(2n+m)(2n-m)}$
$=\frac {4n^2-2mn+2mn+\mathrm {m^2}+4mn}{(2n+m)(2n-m)}$
$ =\frac {4n^2+4mn+\mathrm {m^2}}{(2n+m)(2n-m)}$
$ =\frac {(2n+m)^2}{(2n+m)(2n-m)}$
$ =\frac {2n+m}{2n-m}$
∵$\frac {m}{n}=\frac {1}{5},$
∴$n=5m$
$ $原式$=\frac {2×5m+m}{2×5m-m}=\frac {10m+m}{10m-m}=\frac {11m}{9m}=\frac {11}{9}$