DURHAM, N.C. – FHI, a Durham-based nonprofit that focuses on global health and development, and AED, a nonprofit based in Washington, D.C., that focuses on global health, education, social and economic development, have signed an agreement for FHI to acquire the programs, expertise and other assets of AED.
Under the deal, expected to be completed within the next month, FHI plans to employ “substantially all” AED staff.
Formed in 1971 and formerly known as Family Health International, FHI has worked with 1,400 partners in 125 countries, teaming with governments, a broad range of organizations, the private sector and communities.
It had revenues, gains and support totaling nearly $327.6 million and expenses totaling $324.6 million in the fiscal year ended Sept. 30, 2009, according to its 2009 annual report.
Formed in 1961, AED, or the Academy for Educational Development, offers over 250 programs serving people in all 50 states and over 150 countries.
It had revenue totaling $440.7 million and expenses totaling nearly $W437 million in the fiscal year ended Dec. 31, 2009.
Four years ago, FHI expanded its strategic focus from improving lives throughout the world mainly through its work in health to other sectors of development.
The acquisition, FHI says in a statement, will let FHI “expand its evidence-based approach to a broader set of social challenges, including education, health, science, research, civil society and economic development, improving lives in the U.S. and abroad.”