Calex served as the exclusive financial advisor to Acorn Health and MBF Healthcare Partners
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 7 U.S. states and provide both center-based and in-home services.