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Tag: Great Elm


Also Noted

Great Elm receives financing, rebrands 

December 22, 2020HME News Staff

WALTHAM, Mass. – Great Elm Capital has received a preferred equity investment of $37.7 million from an affiliate of JPMorgan Chase & Co. Proceeds will be used to refinance Great Elm’s DME business and to provide the business with growth capital, the company says. “This financing transaction enables the firm to accelerate the growth of our existing businesses and at the same time provides incremental capital to acquire additional businesses,” said Peter Reed, Great Elm’s...

financing, Great Elm, investment


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Providers

Great Elm DME expands in Midwest

June 14, 2019HME News Staff

WALTHAM, Mass. - Focus Respiratory, a wholly owned subsidiary of Great Elm DME, has acquired the respiratory assets of Omaha, Neb.-based Midwest Respiratory Care in an all-cash transaction valued at about $6.25 million.The price tag is 4.6x MRC's EBITDA, less capital expenditures for the 12 months ended April 30, 2019.“We believe there is a significant opportunity to make additional acquisitions in existing and adjacent geographies,” said Peter A. Reed, CEO of Great Elm Capital, parent...

Great Elm, M&A, respiratory


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News

In brief: NHIA sues over transitional payment, Great Elm's DME biz exceeds expectations

February 15, 2019HME News Staff

WASHINGTON - The National Home Infusion Association is suing the Department of Health and Human Services over its transitional payment for home infusion therapy services.A final rule published in November 2018 limits reimbursement for professional services to only those days a “skilled professional is in the home.”Under CMS's interpretation, reimbursement for services by pharmacists and other professionals services are not recognized, according to a press release.“This rule undercuts...

Great Elm, home infusion, KCI, KMESA, Lymphedema Treatment Act, NHIA, PHS


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