In this BONUS EdUp Embedded episode of The EdUp Experience, Dr. Joe Sallustio talks one-on-one with Rick Beyer, Senior Fellow and Practice Area Leader for Mergers & Affiliations with the Association of Governing Boards (AGB). Rick details how the financial model within higher education is in crisis - we are in the consolidation era which includes closures, mergers, affiliations, and the establishment of private systems. If a Board is interested in exploring alternatives to closure, waiting too long could lead to a teachout since the regulatory process for change takes 12-24 months. Rick then details the first three steps to take to future proof against closure - which includes planning simultaneous initiatives to explore partnerships, mergers, and affiliations where a change of control may be necessary.
Rick Beyer has a unique combination of experience in higher education and business. A former college president and board governance chair, successful technology CEO, and senior operating executive of a $1 billion public company, Rick has consistently been at the forefront of industry-leading initiatives and has a successful history of leading organizations through change and growth. Rick has 20 years of experience with M&A opportunities within education.
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