The latest, most interesting study on the impact of nonprofit mergers was just published today, Feb. 26, 2009 by The Bridgespan Group, entitled, Nonprofit M&A: More Than A Tool for Tough Times. The report, written by Alexander Cortez, William Foster, and Katie Smith Milway, documents 3,300 merger deals that take place over eleven years in four states: Massachusetts, Florida, Arizona, and North Carolina. The study reaches several interesting conclusions, one of which is that it appears from the analysis of the M&A deals that certain nonprofit markets are more favorable to merger activity than other segments of the nonprofit sector, and gives the example of Child and Family Services. It's a great piece of work and will be very useful to organizations exploring M&A strategy for their own organizations. To download a full copy of the report, go here.