Great Elm Healthcare, LLC Subsidiary Acquires Advanced Medical DME, LLC and PM Sleep Lab, LLC
Great Elm Group, Inc. (“we,” “us,” “our,” “GEG,” or “Great Elm”) (NASDAQ: GEG), a diversified holding company, announced Tuesday that Focus Respiratory, LLC, a subsidiary of Great Elm Healthcare, LLC (“GEHC”) (the “Company”), acquired Advanced Medical DME, LLC and PM Sleep Lab, LLC, providers of sleep testing, PAP, and other respiratory products and services in nine locations throughout Kansas and Missouri. On a combined basis, the acquired entities reported pro forma unaudited revenues of approximately $5 million in 2020. The acquisition of these entities expands the Company’s existing operating footprint in the Midwestern U.S., with the addition of six locations in Kansas and entry into Missouri with three locations.