Plunges on buying Advanced Medical DME, PM Sleep Lab
03/03/2021 13:10
** Medical equipment maker's shares GEG.O down 10.4% at
$3.51 before the bell
** Great Elm Healthcare LLC's subsidiary buys Advanced
Medical DME LLC and PM Sleep Lab LLC, providers of sleep testing
and other respiratory products and services for undisclosed
sum urn:newsml:reuters.com:*:nGNX8w7ZjC
** On a combined basis, acquired entities reported pro forma
unaudited rev of ~$5 mln in 2020
** Deal expands GEG's existing operating footprint in the
Midwestern U.S., with the addition of six locations in Kansas
and entry into Missouri with three locations
** Up to Tuesday's close, stock rose 36.11% this year
(Reporting by Sahil Shaw in Bengaluru)
((sahil.shaw@thomsonreuters.com))