Case Study:
West Suburban Senior Services
Acquisition enables senior services provider to maintain core programs
The state of Illinois substantially reduced contracted senior services at an important west Chicago-area senior service center which threatened the operation of the organization and its services to the community.
The Solution
Harney led Board of Directors on a lean streamlined strategic plan to preserve core programs (Senior Drop-In, Senior LGBTQ Program), as follows:
Right-sized headcount
Marketed a sale of crown jewel assets in return for a long-term commitment to core programs and identified several potential buyers
The Results
Successfully closed sale of assets to Chicago Methodist Senior Services in return for long-term commitment to existing core programs
Services & Roles
Transaction Advisory
Turnaround and Restructuring
Strategic and M&A Advisor
*Some engagements may have been performed by team prior to joining Harney Partners.
