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.
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Source: https://bhbusiness.com/2024/02/12/merakey-elwyn-call-of-deal-to-create-1b-organization