Frequently Asked Questions - What is an asset purchase agreement (APA), what is "closing" and what does “novate” mean? - Why is FHI acquiring AED’s assets, programs, and expertise?

AED’s Board of Directors and senior leadership felt FHI was in the best position to seamlessly maintain the integrity and continuity of AED's programs, projects and staff -- including the full breadth of domestic and international programs -- while allowing a continued focus on education, civil society and economic development. [...] As we look to the future, we remain firmly committed in the present -- keeping effective, established teams focused on implementing programs to deliver the results our partners have come to expect from both FHI and AED, and improving lives in the U. [...] Maintaining the continuity of AED programs for the benefit of the people and communities we serve will be a priority for all of us during the transition process and beyond. [...] How will FHI ensure fiscal responsibility and transparency for projects? FHI will align and scale its strong financial, operational, and program management systems to support the array of AED’s programs in the U. [...] We will continue our FHI and AED projects and programs, share best practices and expertise, and leverage one another’s strengths.