Spire Health buys Acorn Occupational Health for £3.3m.
Spire Healthcare on Tuesday said it had bought Acorn Occupational Health for £3.3m.
Source: Sharecast
Acorn provides services to a wide range of corporate clients in multiple industry sectors, as well as public-sector clients including the NHS, Spire said in a statement.
"Occupational health is a £1.5 - 2bn market opportunity in the UK, growing at 6% per annum. The acquisition will provide further capability to win new nationwide contracts and support organic growth through the development of a wider range of services across the group," it added.
Acorn generated core earnings of £0.63m in 2024, at a margin above Spire. A potential small further deferred payment may be payable to Acorn management dependent upon profits in the 12-month period after acquisition.
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