Turnarounds, Mergers, Exigency and Closure: Understanding Pathways for Financially Stressed Institutions
Jim Keller - Partner, Saul Ewing LLP
Mark Podgainy – Getzler Henrich & Associates
The pressure on higher education finances has never been greater. Factors such as the demographic cliff, increased competition, disillusionment with the value of a college education, increasing costs, and numerous changes in federal policy are affecting almost every school, from smaller tuition-dependent institutions to flagship and elite universities. In this financially stressful environment, it is important to understand potential pathways to preserve institutional mission and fulfill leadership's fiduciary responsibilities. Join advisors Jim Keller, Partner and Chair of the Higher Education Practice at Saul Ewing LLP, and Mark Podgainy, Senior Managing Director and leader of the Education Practice at Getzler Henrich & Associates LLC, as they discuss strategic options for financially stressed institutions. They will be joined by Larry Bomback, CFO of Albright College, who will provide insights from firsthand experience.
Learning Objectives:
- Examine the strategic options available to stressed institutions.
- Explore the advantages and disadvantages of each strategic option and when each is most appropriate.
- Learn about opportunities to extend an institution's financial runway while pursuing a selected course of action.
CPE Available
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