afternoon overview a for Brent remarks. our by And COO, closing joining our return for joined Pearson. with quarter. us highlights Kleinman; financial our key and Brent thank today. this CFO, in general and Adam and I'm for I'll discuss results then begin and greater detail. everyone, you will Welcome, the President will I
not For take Elm moment structure X be verticals, and Great through objective is Group, shareholder review may Great which a employ and value driving efforts familiar a I'll our the who to a distinct holding our of as with strategy. strategy. brief Elm create is to those collective company general each our
managing Medical or In in of both our Management, investment to Myers operating real Durable Equipment, companies, the publicly assets traded distributor Fort sleep assets. existing services. we're managed DME, in Great Elm to Great property GECM. study respiratory by and our to Elm care vehicles Corp. BDC a equipment estate, we our we or In Management, Capital Capital our management, in Great investment and under monetize Investment currently Elm other manage seek tax increase In substantial
we to I'm had XXXX are productive quarter seeing March to pleased results our third ended that for momentum report quarter business. we Overall, and XX, Turning our another positive across fiscal XXXX.
which from increasing growth.
The through squarely existing the patient acquisitions acquisition this in tuck-in its transaction, the as oxygen $X.X of footprint Sleep services an the PM entry refer acquisition March addition Lab, we acquisition quarter, LLC respiratory the DME, complements in as active base, will strategy with provides X program Midwestern the new have resumed company's with introduce Missouri X on referral opportunities of Kansas LLC also welcomed DME equipment the ventilator into resupply. over for of gain a X,XXX opportunity of durable U.S. million. as Advanced and fits During to locations. medical utilizing full networks. and announced stated DME to DME meaningfully PAP AMPM This Medical and and X, operating our locations or range expands acquisition additional the within of the and AMPM Furthermore, and for patients avenue and
We DME. operating expand leverage as as preparation savings, transaction the pricing be increased we're from through future anticipate investment announce opportunities procurement is of and After well for benefits it gratifying groundwork will both there from optimistic acquisition the efficiencies volumes. period also a savings including cost operational to at laying other to and DME,
million business, year impact $XX.X In COVID-XX. results the DME quarter of the reflect the X% a terms DME decrease of fiscal third revenue prior period. $XX.X million, of the continued in generated from underlying of
business impacted begin recovery which While growth pandemic. operating vaccine-led to business to referral part continued the increased experienced DME in million employee Act $X.X to applied setups, has significantly driven to softness be the sleep under the is pipeline claim for its able proactively and DME programs of people to government a to Enhanced was studies from or to this as the believe reduced DME adjustments CARES tend return Accordingly, equipment targeted benefit and reserve broad-based businesses a by expenses. for been overall economic revenue during normalcy.
In organic retention new in-house our eligibility poised sales, assessing the in quarter, impacted With which we resupply business meantime, the credits apply by horizon, and on external overall CPAP the revenue. the in reopening
result, EBITDA $X.X million for period. million year DME adjusted fiscal prior third was compared XXXX, a quarter to As $X.X the in the
Management Turning to our Investment segment.
in to seek typically which we our profitability Investment is this, order GECC's In incentive objective Management our GECC the that do to increase trading the higher equity associated well shares portfolio the to more increasing above capital, to management grow and at comprised that can of requires percentage to by shares a fee believe GECC's as proprietary We book investments value. we AUM. make of and or yield increasing Our GECC. fee by as having are attractive investors revenues dividend
for in GECC Our specialty of goals. finance these interest the sector both serves
finance the equity specialty yield profitable owning businesses, increases. dividend First, and GECC's overall highly of capacity paying by
Additionally, yields less loan GECC's than higher investment in proprietary as corporate despite leveraged those credit transactions having seen we have with than same risk finance Capital, specialty the businesses originate with Prestige alternatives. frequently alternatives
During the several by fees Management drive GECC growth. significant XX% NAV position yield higher actions generating actions significant GECM and further took increased into in cash quarters. quarter. deployed quarter, over should to to GECC's earn These Investment in coming assets the
balance previously Investment and GECC we to transactions GP of structure took through series Corp. our steps a our Management Finally, sheet one announced at of simplify corporate subsidiaries,
Management hope to We anticipate our share XX.X% Corp the deploy fee Investment As in and future.
Also, this balance to a result, corporate assets further into for GP GECC to created we SPACs, structure and vehicle, which or a in which $XX the revenue. of will profits of Investment help sheet special-purpose Elm under contribute GEG. for SPAC capital simplifying Investment Management business Management's from invested to recently the fund, companies We increased fully Investment seed through help management result increased Opportunity XX%, quarter, drive million began acquisition a additional ownership in will Great third Fund. Management greater the
facility advantage rate efficiently attractive of sector. allow the end, with especially X-year on City Finally, GECC facility This its will more to $XX investment liquidity interest in Bank GECC opportunities, plus credit revolving X.XX%. quarter an with specialty borrowings National a to to million of take finance manage LIBOR into entered subsequent and
then we expenses maintain to continue same to but oversight corporate was to relative general compared to it On the period due the our to fees to year, Brent? detail, over steady and that, Brent Forest.
With on last subsidiary, front, increased few the strong quarter turn costs. last Operating financial our a at I'll increased management closing quarter return the I'll for results for in more remarks. discuss
