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Subsequent events
6 Months Ended
Dec. 31, 2022
Subsequent Events [Abstract]  
Subsequent events

14. Subsequent events

On January 3, 2023, DME Holdings, along with the minority owners of HC LLC, entered into the DME Purchase Agreement with QHM Holdings, Inc., a subsidiary of Quipt, completing the Sale of HC LLC for $80.0 million, consisting of approximately $72.8 million in cash, $5.2 million of indebtedness assumed by Quipt and $2.0 million in shares of Quipt common stock based on the 20-day volume-weighted average price of Quipt’s common stock for the period ending on and including the second business day prior to the closing of the transaction. After transaction costs and amounts distributed to non-controlling interests, cash proceeds to GEG and subsidiaries were $64.1 million, of which $19.7 million were used to repay the remaining balance of the Forest Note, including accrued interest, in full.

On January 17, the Company exercised the Put Option and sold the Investment in Forest for $26.5 million in cash.