continued Cucinelli said this will also help the organizations become more competitive for state and federal grants. At a press conference on Monday, Sept. 19, the companies announced they had been approved for a $300,000 grant from the New York State Health Foundation to cover the cost and expenses related to the merger. Cucinelli said it was a huge help for the new business venture.
“It’s a huge financial help for this whole undertaking,” she said. “We’re very grateful for them supporting the vision and a merger that will be a wonderful thing for the community.”
Cucinelli said they are not completely sure how much he merger is going to cost both of the companies because a lot of the details have yet to be hammered out. Tanner also said it is too early to figure out specifically what the service expansion will entail, though she said what they are hoping to do is increase the amount of adolescent mental health services. The plan is to complete the merger by Jan. 1, 2012.
“We will be able to consolidate the administrative sector without any layoffs while strengthening the administration structure,” Tanner said. “The business community is looking to nonprofits instead of a lot of small operations and few organizations that can operate with efficiencies.”
Tanner and Cucinelli both said they are looking forward to expanding both of their businesses for the greater good.
“I think this is a great move in the future and I am excited about the future of equinox,” said Tanner. “It’s an important agency in the community and with this merger, it will be offering even more.”