Home Results Case Studies Senior Services Center
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
Restructuring & Turnaround
Transaction Advisory
Strategic and M&A Advisor​
*Some engagements may have been performed by team prior to joining Harney Partners.