May 3, 2011; Source: The Columbus Dispatch | Some business plans are based on an acquisition strategy. How much does this happen in our sector? LifeCare Alliance, a large Meals-on-Wheels provider in Central Ohio has just completed its fourth merger in eight years, this time with IMPACT Safety, an organization that teaches personal safety. The CEO of LifeCare says the need for this particular program’s offerings has increased recently since state budget cuts to adult protective services have taken effect.
The other organizations that have consolidated with LifeCare in recent years are Columbus Cancer Clinic; Project Open Hand, which provides meals and necessities to people with HIV and AIDS; and the Madison County Meals-on-Wheels program.
Sign up for our free newsletter
Subscribe to the NPQ newsletter to have our top stories delivered directly to your inbox.
Chuck Gehring, the CEO of LifeCare says, “I’m a key proponent of mergers . . . There needs to be more of it. But there are still people who are holding out, holding onto their kingdoms.” Of course the statement must be taken in the context of LifeCare apparently being the dominant partner.—Ruth McCambridge