The case study examines the San Jose, Calif., merger-commercial services of Hope "with the Santa Cruz Center skills. Through the merger with the skills center, two additional acquisitions and development of new businesses-HOPE was increased in size for a staff of more than 600 and an annual budget of $ 38 million. Income support were received from 56 percent of government contracts, 29 percent of the program proceeds from commercial projects, 12 percent of charitable support, and 3 percent indirect support from various sources. All parties believe that the merger, completed four years ago, was a general success. But with the majority of commercial and non-mergers, particularly in the area of social services, the changes are not without its costs and problems. "Hide
by Victoria Chan, Woody Powell Source: Stanford Graduate School of Business 29 pages. Publication Date: January 7, 2008. Prod. #: SI104-PDF-ENG
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