Tag: Valley Health Group
GEC reports growth
November 14, 2018HME News Staff
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...
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...