Ontario Teachers' acquires majority interest in Acorn Health - Ontario Teachers' Pension Plan

TORONTO, ONTARIO / CORAL GABLES, FLORIDA – Ontario Teachers' Pension Plan Board (Ontario Teachers'), today announced the acquisition of a majority stake in Acorn Health, a leading national provider of Applied Behavior Analysis (ABA) therapy for children diagnosed with Autism Spectrum Disorder (ASD).

As part of the transaction, Acorn Health founder and Chief Executive Officer, Vicki Kroviak, as well as other senior management, will retain a meaningful ownership stake in the company. MBF Healthcare Partners II, L.P., who have supported Acorn Health since its founding in 2018, will sell its ownership stake and fully exit the business. Terms of the transaction are not being disclosed.

Acorn Health’s mission is to provide life-changing ABA therapy services to children diagnosed with autism. They operate a network of 51 clinics across seven U.S. states and provide both center-based and in-home services.

"We are excited to partner with Acorn Health and grow our portfolio of leading healthcare platforms. The company provides tailored and high-quality care to young individuals with autism, allowing them to live fuller, more independent lives ," said Karen Frank, Senior Managing Director, Equities at Ontario Teachers’. "We look forward to working with Vicki and the management team as they grow the business further and continue having a positive impact on the lives of these children and their families."

“Our new partnership with Ontario Teachers’ gives Acorn Health additional...



Read Full Story: https://www.otpp.com/news/article/a/ontario-teachers-acquires-majority-interest-in-acorn-health

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