Quipt Home Medical completed the acquisition of Great Elm Healthcare for $80m.

Quipt Home Medical, a provider of in-home monitoring equipment, supplies, and services, completed the acquisition of Great Elm Healthcare, a durable medical equipment business of Great Elm Group, for $80m. “The successful sale of our DME business and the recently announced Forest transaction are transformative for Great Elm. When combined, the two transactions are expected to increase holding company cash by over $70m. This allows Great Elm to dedicate more resources to scaling its Investment Management business, utilizing the expertise and relationships of our board and management team. We continue to evaluate various strategies which could include investments in our existing funds or the acquisition of the management rights of new, long-duration capital vehicles. Additionally, the sale simplifies our reporting and organizational structure," Jason Reese, GEG Executive Chairman.