Spire Health buys Acorn Occupational Health for £3.3m

(Sharecast News) - Spire Healthcare on Tuesday said it had bought Acorn Occupational Health for £3.3m. 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.

Reporting by Frank Prenesti for Sharecast.com