On March 28, Merakey announced that it was merging with Elwyn, creating an entity with approximately $1 billion in annual revenue.
The merger will create a company with a 12,000-person workforce caring for 55,000 individuals in 16 states. The new company will focus on delivering holistic care and coordinating physical, behavioral and educational services for people with IDD.
Elwyn is a Media, Pennsylvania-based provider that offers education, treatment and supportive services to children and adults with autism and IDD. Founded in 1852, the provider currently operates in eight states. The company reported approximately $385 million in revenue in 2022.
Merakey is a leading developmental, behavioral health and education non-profit provider offering a breadth of integrated services to individuals and communities across the country. In 2022, Merakey reported $618 million in revenue.
According to data captured in the LevinPro HC database, this merger marks the 19th Behavioral Health Care transaction of the year and first in the intellectual/developmental disability specialty.
