Home Results Case Studies Senior Services Center
Nonprofit
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.