Mergers & Acquisition Options As A Crisis Management Strategy: OPEN MINDS Announces A New Virtual Assessment Program
GETTYSBURG, Pa. (May 3, 2020)—OPEN MINDS announced the launch of a new virtual assessment program—The OPEN MINDS Crisis Collaboration Assessment – Evaluating Possible Mergers, Acquisitions & Affiliations. The new virtual consultation is designed to provide executives and boards with answers to critical questions—will we be better positioned to recover from the crisis with an acquisition? Are there alternative models for affiliations or collaborations that would improve the organization’s long-term sustainability? The consultation will assess an organization’s resilience and sustainability, market positioning, and financial strength and recommend innovative partnership arrangements. At the conclusion of this OPEN MINDS virtual consultation, organizations will be able to:
- Identify collaboration models that best meet their needs
- Outline the structure of an ideal collaboration
- Identify key elements of a successful collaboration
- Identify potential collaboration partners
“Mergers and acquisitions are one of a number of crisis management strategies that executives of health and human service organizations are considering in the midst of this pandemic crisis,” said OPEN MINDS Chief Executive Officer Monica E. Oss. “With revenue down and expenses up, managing cash flow for survival of the crisis period and assuring access to capital for post-crisis recovery are forcing executive to consider strategic affiliations of many types.”
Evaluating Possible Mergers, Acquisitions & Affiliations is the first in a series of 15 virtual consultations offered by OPEN MINDS to help specialty health and human service executives navigate crisis management as well as long-term crisis recovery after the pandemic (see The OPEN MINDS Executive Blueprint For Crisis Management: Crisis Management Resource Center). OPEN MINDS has assisted dozens of specialty health care organizations with successful collaborations, through research, strategy, and implementation. For more than thirty years, the company’s team of experts has developed M&A strategies for consolidation and scale; performed the necessary due diligence for profitable collaboration; implemented a field-tested process to assess the reputation of potential partners; and provided hands-on support to integrate operations, finances, technology, reporting, and culture for successful collaborations.
The virtual assessment and consultation services are part of the OPEN MINDS Executive Blueprint For Crisis Management, a 32-week program to help executives of provider organizations navigate the strategic, operational, and cultural changes of a market in turbulence. The program is based on the seven-element blueprint built by OPEN MINDS to help executives build quick, actionable strategic plans for crisis management, cash management, virtual service delivery and operations, virtual marketing and revenue generation, short-term revenue maximization, short-term business development, and post-disruption sustainability. The Executive Blueprint program has three components – live web briefings on crisis management best practice, an on-demand resource center, and expert technical assistance.
For more information, contact Kim Bond, Executive Vice President, OPEN MINDS at 717-334-1329 or openminds@openminds.com.
About OPEN MINDS
OPEN MINDS is an award-winning information source, executive education provider, and business solutions firm specializing in health and human services for people with chronic conditions and complex support needs. For thirty years, we’ve helped organizations implement the transformational business practices they need to succeed in an evolving market with new reimbursement, competition, policies, and regulations. Learn more at www.openminds.com.