132: BONUS EdUp Embedded - with Rick Beyer, Senior Fellow and Practice Area Leader for Mergers & Affiliations, AGB

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. Thanks so much for tuning in.  Join us again next time for another episode!  Contact Us! Connect with the hosts - Elvin Freytes, Elizabeth Leiba, and Dr. Joe Sallustio ● If you want to get involved, leave us a comment or rate us! ● Join the EdUp community at The EdUp Experience! ● Follow us on Facebook | Instagram | LinkedIn | Twitter | YouTube Thanks for listening! We make education your business!