FHI acquires AED: A conversation with CEOs Albert Siemens and Gregory Niblett

The Universal South Building in Washington, D.C. is the current home of the AED. Photo by: AgnosticPreachersKid / CC BY-SA

After months of intense speculation, AED announced Wednesday (June 8) it will sell its programs, expertise and other assets to FHI, a global health group on the verge of becoming one of the largest development organizations in the business.

AED’s revenue stream had narrowed significantly in December, when the U.S. Agency for International Development, one of the company’s main donors, temporarily suspended new funding after an audit raised questions about AED’s work in Pakistan and Afghanistan. In March, the Washington-based nonprofit called on interested buyers, generating interest around the globe. Three months later, AED signed an asset purchase agreement with FHI.

This article is for Devex Members

For full access to the content of the article sign in or join Devex.

About the author

  • Rolf rosenkranz 400x400

    Rolf Rosenkranz

    Rolf Rosenkranz oversees a talented team of in-house journalists, correspondents and guest contributors located around the globe. Since joining Devex in early 2008, Rolf has been instrumental in growing its fledgling news operation into the leading online source for global development news and analysis. Previously, Rolf was managing editor at Inside Health Policy, a subscription-based news service in Washington. He has reported from Africa for the Johannesburg-based Star and its publisher, Independent News & Media, as well as the Westdeutsche Allgemeine Zeitung, a German daily.