March 3rd, marked yet another decision made by a large, global nonprofit, to identify an acquisition partner to provide relief and sustainability of its mission.
After months of scrutiny and turmoil, AED announced in a press release on its site on March 10th, 2011, “The organization continues to be financially solvent and stable despite having endured financial strain in recent months due to its inability to conduct business as usual…We believe this is the best choice to ensure the continuity of our programs and projects.”
The recent and seemingly ongoing spate of acquisition, mergers, and closings of NPO’s globally, raises so many relevant and necessary questions for academic discussion. The largest one in my mind is- is this a part of a natural evolutionary process, gleaning the wheat from the chaffe?
What say you?