Behavioral Health Business February 12, 2024
The merger of the Pennsylvania-based nonprofits Merakey and Elwyn — which would have created a $1 billion-revenue organization — has been called off.
While the two nonprofits declined to answer questions about why the tie-up didn’t materialize, a C-suite executive of Merakey told Behavioral Health Business that “both organizations mutually agreed to walk away from the affiliation.”
In March 2023, the organizations announced a non-binding agreement to bring the two organizations together. Together, the fused organizations would operate a 12,000-strong workforce in 16 states and care for 55,000 people.
Merakey offers behavioral health, education and IDD services in 12 states. Elwyn offers similar services and was founded in 1852, making one of the oldest human services organizations in the U.S....
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