M&A Deal Summary

Ontario Teachers Pension Plan Acquires Acorn Health

On August 27, 2021, pension Ontario Teachers Pension Plan acquired life science company Acorn Health from MBF Healthcare Partners

Acquisition Highlights
  • This is Ontario Teachers Pension Plan’s 3rd transaction in the Life Science sector.
  • This is Ontario Teachers Pension Plan’s 67th transaction in the United States.
  • This is Ontario Teachers Pension Plan’s 2nd transaction in Florida.

M&A Deal Summary

Date 2021-08-27
Target Acorn Health
Sector Life Science
Buyer(s) Ontario Teachers Pension Plan
Sellers(s) MBF Healthcare Partners
Deal Type Secondary Buyout

Target

Acorn Health

Coral Gables, Florida, United States
Acorn Health develops, applies, and shares the latest advances in the science of applied behavior analysis (ABA) to children with autism in Southern Illinois and Northern Missouri. Acorn Health was founded in 2018 and is based in Coral Gables, Florida.

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Buyer(S) 1

Buyer

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 158 of 175
Sector (Life Science) 3 of 3
Type (Secondary Buyout) 50 of 56
State (Florida) 2 of 2
Country (United States) 67 of 72
Year (2021) 12 of 19
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 CeramTec Group

Plochingen, Germany

CeramTec Group is a manufacturer of high-performance ceramics and is specialized in the development, manufacturing, and sale of parts, components, and products made from a wide variety of ceramic materials. CeramTec Group was established in 1903 and is based in Plochingen, Germany.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-22 HomeEquity Bank

Toronto, Ontario, Canada

HomeEquity Bank is a Schedule 1 Canadian Bank offering a range of reverse mortgage solutions including the flagship CHIP Reverse Mortgage product. HomeEquity Bank was founded in 1986 and is based in Toronto, Ontario.

Buy -

Seller(S) 1

SELLER

MBF Healthcare Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2005
PE ASSETS 397M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

MBF Healthcare Partners (MBF) is a specialist private equity firm that makes investments in emerging and established healthcare companies. MBF seeks investments in businesses with EBITDA of at least $5 million and valued up to $300 million. MBF prefers control ownership positions with typical acquisitions coming in the form of outright business purchases, growth financings, or recapitalizations. MBF Healthcare Partners is based in Coral Gables, Florida.


DEAL STATS #
Overall 11 of 13
Sector (Life Science) 1 of 1
Type (Secondary Buyout) 2 of 3
State (Florida) 8 of 9
Country (United States) 11 of 13
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-20 eMindful

Orlando, Florida, United States

eMindful is a specialized, comprehensive solution through evidence-based programs that improve participants' health and well-being. Its technology-enabled solutions are delivered through live, online classrooms taught by licensed health professionals, including physicians and psychotherapists, and are designed to assist individuals to prevent, mitigate, and slow the progression of diseases associated with family, work, and lifestyle risk factors. eMindful was founded in 2003 and is based in Vero Beach, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Affinity Hospice

Birmingham, Alabama, United States

Affinity Hospice focuses on providing needed assistance to patients, caregivers, and referral sources by listening to and responding to their individual needs. Affinity Hospice was founded in 2004 and is based in Birmingham, Alabama.

Sell -