Case Study:
Great Elm Dme, Inc
Engagement: Great Elm Dme, Inc
Sonoran's Role: Accounting Support & Financial Advisor
Situation
Great Elm Dme, Inc., a subsidiary of Great Elm Capital, is a publicly traded company that provides durable medical equipment to customers with respiratory needs in Alaska, Arizona, Nebraska, Oregon, and Washington. At the time of engagement, the company was looking to build a projections model for the seven entities under the Great Elm Dme, Inc. umbrella and raise money to buy up companies in the fractured DME healthcare space.
Role of Sonoran
Sonoran was initially engaged to build the detailed projections model and project out the effect of potential future acquisitions. Due to the growing and intensified interest from potential lenders, Sonoran’s role was expanded to create a “4 + 8” Forecast, assist in creating presentations for board meetings, FP&A responsibilities, and provide modeling and presentational support to potential lenders.
Result
Great Elm DME hit the 4 + 8 forecast projections provided by Sonoran through the remainder of the fiscal year of June 2020. The company raised $37.7 million from J.P. Morgan in December of 2020, with the purpose of refinancing their existing debt, and acquiring potential targets in the DME healthcare space.
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