Rising Ground Acquires Edwin Gould Services For Children & Families

Yonkers, New York-based non-profit Rising Ground recently announced it is acquiring Brooklyn-based Edwin Gould Services For Children and Families. The combined entity will have an annual budget of about $130 million, as well as approximately 1,800 employees.

According to statements from Rising Ground’s CEO, the deal was motivated by a shrinking foster care population, as well as government agencies entering fewer contracts with fewer partners in order to lower their administrative costs. More than half of the combined organization’s programming will be centered around child welfare and services for individuals with developmental disabilities, with . . .