Tag: Great Elm Capital
Great Elm shows improvement
November 17, 2020HME News Staff
WALTHAM, Mass. - Great Elm Capital Group has reported first quarter revenue for DME grew 10.4% year over year and 5% sequentially, results that show the company's ability to grow despite the negative impact of the COVID-19 pandemic, officials say. Great Elm reported a net loss for DME of $500,000 vs. $800,000 year over year, and an adjusted EBITDA of $2.8 million vs. $3 million year over year. “We made significant progress toward achievement of our strategic goals for both our DME and Investment...
Great Elm hits new high with PAP patients
May 13, 2020HME News Staff
WALTHAM, Mass. - Great Elm Capital Group reports that its DME revenue grew 20.2% year over year in the third quarter of its fiscal year 2020, with growth in all major product categories.The company says new patient setups for PAP devices, a key category, grew 19% year over year in the quarter, and total PAP patients hit a new high.“Our DME business has been meaningfully impacted by the COVID-19 pandemic,” said Peter Reed, Great Elm's CEO. “Nevertheless, DME's scalable platform has...
GEC issues senior notes
February 27, 2020HME News Staff
WALTHAM, Mass. - Great Elm Capital has issued $30 million in 5% convertible senior notes due 2030. Interest on the notes will be payable semiannually, in kind or in cash at the company's option. The notes may initially be converted at the investors' option at $3.4722 per share. Investors on the notes include the company's largest existing shareholders, funds managed by Imperial Capital Asset Management and Northern Right Capital Management. “We are pleased to have completed the notes offering,...
Great Elm grows PAP supply business
February 12, 2020HME News Staff
WALTHAM, Mass. - Great Elm Capital Group's DME operating companies generated adjusted EBITDA of $3.5 million for the three months ended Dec. 31, 2019. Management expects continued growth in fiscal year 2020, supported by key performance indicators, including about 8.8% quarter-over-quarter growth in PAP supply orders. The company continues to pursue M&A opportunities with complementary product profiles to increase market penetration and extend existing geographic markets. It says it has identified...
Great Elm's DME biz exceeds expectations
February 12, 2019HME News Staff
WALTHAM, Mass. - Great Elm Capital Group, which acquired and merged Valley Healthcare Group and Northwest Medical last year, reported that DME generated $13.2 million of revenue, $400,000 of net income and $3.6 million of adjusted EBITDA in the second quarter of 2019, exceeding original expectations. “In addition to driving organic revenue and EBITDA growth, the DME operating team is aggressively working to realize additional, potential synergies by the end of calendar year 2019,” the...
Reimbursement cuts create opportunity, says investor
October 5, 2018Theresa Flaherty, Managing Editor
WALTHAM, Mass. - While many investors are afraid of what CMS has done to reimbursement, Great Elm Capital sees it as an opportunity, says John Ehlinger, managing director.GEC is a publicly traded holding company that made its first homecare deal in September when it partnered with Mesa, Ariz.-based Valley Healthcare Group to acquire Portland, Ore.-based Northwest Medical and combine the two companies.“CMS has catalyzed an interesting position where they cooled the sector to investment from...