Ontario Teachers’ Pension Plan Board has purchased Acorn Health LLC from MBF Healthcare Partners II LP, a middle market healthcare-focused private equity firm.
Acorn Health, based in Coral Gables, Florida and an accredited national provider of applied behavior analysis therapy to children with autism spectrum disorder.
“Bringing together a best-in-class team to rapidly scale a company represented both the opportunity and the challenge in the fragmented and evolving autism services space,” said Miguel Fernandez, chairman of MBF. “MBF’s operational experience and emphasis on growth coupled with Vicki’s cultural and clinical vision for the company led to a major win for all stakeholders.”
“We are appreciative of MBF’s guidance and support over the last several years in helping us build a leading ABA therapy company with a national reach,” said Acorn Health chief executive officer, Vicki Kroviak. “Our new partnership with Ontario Teachers’ gives Acorn Health additional tools to access opportunities and continue to invest in our people, our systems and our clinical infrastructure. We see a substantial need and will continue building a sustainable company offering a highly important service to children with ASD so that they may live their most independent and meaningful lives.”