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Great Elm’s DME companies see increase 

Great Elm’s DME companies see increase 

WALTHAM, Mass. – Great Elm Group’s DME companies grew total revenue for the first quarter by 7% to $16.7 million compared to the prior-year period. 

Adjusted EBITDA was $3.4 million vs. $5.1 million. 

“The increase in revenue was primarily attributable to organic growth in resupply revenue, a full quarter of contributions from the MedOne acquisition and improved revenue reserves,” the company stated. “This revenue growth was achieved despite ongoing global supply chain issues impacting the durable medical equipment market.” 

Great Elm Group acquired MedOne in August 2021. 

Net income was $6.8 million in the first quarter vs. $2.1 million for the prior-year period. 

“The prior-year period benefited from a $2.3 million in government stimulus whereas no benefit was received during the first quarter,” the company stated. “Absent these items, net income increased by $500,000, primarily driven by revenue growth, despite ongoing supply chain challenges.” 


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