GEC reports growth
By HME News Staff
Updated Wed November 14, 2018
WALTHAM, Mass. - Great Elm Capital Group has reported Valley Health Group (VHG) and Northwest Medical (NWM) generated EBITDA of $14.1 million for the period ending Sept. 30, 2018, a growth rate of 9.3% as of June 30, 2018. For the 12 months ended Sept. 30, 2018, VHG and NWM would have generated $47.7 million in revenue, representing 1.3% growth over the last 12 months ended June 30, 2018. GEC, which acquired an 80% interest in VHG and NWM for $63.6 million earlier this year, stated that it is focused on integrating operations for both companies, as well as driving revenue growth and looking at further M&A opportunities. "We are pleased with our acquisition of Valley Healthcare and Northwest Medical,” said CEO Peter Reed in a press release. “The combined business is growing revenue and EBITDA, while generating significant free cash flow. We are looking forward to continuing its growth trajectory with add-on acquisitions.”
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