GETTYSBURG, Pa. (June 21, 2020) – On June 25 at 1:00 pm EDT, OPEN MINDS will host a web briefing, Using Mergers, Acquisitions & Affiliations To Address ‘Urgent’ Cashflow Needs, for executive teams of health and human service organizations. OPEN MINDS Senior Associate Ken Carr will help executives and board members understand how mergers, acquisitions, and affiliations (MA&A) can be used to navigate the disruption caused by COVID-19 and reposition organizations to align with the needs of a rapidly changing market.
“Before the current crisis, the financial position of many health and human service organizations was tenuous. But the sudden decline in revenue and increases in costs with no price increase will likely result in closure. Executive teams and boards that can’t see a path to financial solvency until the end of the crisis and the resumption of services at a profitable margin should consider mergers or affiliations to preserve the mission and services to consumers,” said OPEN MINDS Chief Executive Officer Monica E. Oss.
During the web briefing, Mr. Carr will take a deeper dive into how MA&A can be leveraged to increase access to resources, capital, technology, and new talent to align with new market realities. He will share the essential components of MA&A strategy that contribute to long-term success—from identifying the best fit growth model for provider organizations to ensuring seamless transitions.
Attendees will learn how to:
- Identify the appropriate business combination that can help organizations navigate through the crisis
- Find the right partner and understand the practical steps necessary to move forward
- Leverage MA&A best practices to ensure long-term success
The June 23 event is offered as part of a series of 35+ web briefings to help executive teams navigate the business, organizational, operational, and culture changes of a market in turbulence after the COVID-19 crisis. The series runs April 7 to November 12 (recordings of completed briefings are available). Each 60-minute briefing outlines a field-tested approach for managing through a crisis and developing a post-disruption plan for organizational sustainability. OPEN MINDS experts are on the line to answer questions and provide real-time technical assistance.
About OPEN MINDS
OPEN MINDS is an award-winning information source, executive education provider, and business solutions firm specializing in health and human services for people with chronic conditions and complex support needs. For thirty years, we’ve helped organizations implement the transformational business practices they need to succeed in an evolving market with new reimbursement, competition, policies, and regulations. Learn more at www.openminds.com.