The Ontario Teachers’ Pension Plan is taking majority stake in a Florida-based therapy provider for children with autism spectrum disorders.
The exact terms of the deal with Acorn Health, which specializes in providing applied behavioural analysis therapy, weren’t disclosed. However, a significant minority stake will remain in the hands of several senior managers at the company.
Acorn provides children with access to behavioural therapies at home and in 51 clinics, which are located in Florida, Illinois, Maryland, Michigan, Pennsylvania, Tennessee and Virginia. The company is currently working to expand its capabilities by investing in its staff, internal systems and clinical infrastructure, according to a press release.
In other news, the Caisse de dépôt et placement du Québec’s real estate investment arm is handing over the management of its Canadian retail properties to a Toronto-based property management firm.
On Oct. 1, Ivanhoé Cambridge will hand over operational control of its Canadian retail properties to Jones Lang LaSalle Inc. Management of the properties, which include several shopping centres across Canada, will be overseen by staff members at JLL’s Montreal office. In the future, this responsibility will be split between staff members in Montreal and in a planned new office in Quebec City.
A large majority of Ivanhoé Cambridge staff currently employed in the day-to-day operations of its retail properties will join the JLL team. Ivanhoé Cambridge and JLL will also collaborate on the development of the Centre of Excellence for Sustainability in Quebec, which will develop technologies designed to make the organizations retail property operations more sustainable.