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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.
Social Services Organization Turns $5M Cash Loss Into a $3M Surplus in Less Than 6 Months
Lutheran Social Services of Illinois (LSSI) is one of the largest social services organizations in the state of Illinois. Due to the state’s inability to pass a budget to pay for its contracted services, LSSI was incurring cash losses of $5MM per year.