Great Elm improves DME
By HME News Staff
Updated 9:36 AM CST, Mon February 14, 2022
WALTHAM, Mass. – Great Elm Group reported total revenue for its DME division grew to $15.7 million in the second quarter of fiscal year 2022, an 8.1% increase compared to the same period in the prior year. Net income was $900,000 vs. a net loss of $2.9 million. “The increase in revenue was due to organic growth in resupply sales, a significant reduction in bad debt expense and the impact of previously announced acquisitions,” the company stated. Great Elm Group reported adjusted EBITDA of $2.6 million vs. $1.9 million. Most recently, Great Elm acquired the power mobility assets of MedOne Healthcare.
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