This news was also featured in <a class="text-greens" href="https://www.insidermedia.com/news/south-east/healthcare-business-transitions-to-mbo-company-was-recently-acquired" target="_blank" rel="noopener">South East Business Insider</a>, <a class="text-greens" href="https://caretalk-business.co.uk/2024/11/25/bdb-pitmans-advises-acorns-health-care-on-management-buy-out/" target="_blank" rel="noopener">Care Talk Business</a> and <a class="text-greens" href="https://www.financial-news.co.uk/bdb-pitmans-advises-acorns-health-care-on-management-buy-out/" target="_blank" rel="noopener">Financial News</a>.

Broadfield is pleased to have advised the shareholders and management team on the management buyout of Acorns (Southern) Limited, trading as Acorns Health Care, which completed on 29 October 2024.

Acorns Health Care provides exceptional supported living services for individuals with learning disabilities and complex mental health disorders. The company, founded by Sue Vaughan in Southampton, has dedicated itself to high-quality, transforming and individual care for those who are most vulnerable in society.

The Broadfield team was led by corporate partners Oliver Kelly and Sean Kelly, supported by corporate associate Leah Houghton, solicitor apprentice Fin McKenzie, corporate solicitors David Crease and Gemma L’Esperance, and trainee solicitor Charlotte Wilkinson.

Specialist employment advice was provided by senior associate Chris Greep, planning advice by partner Mark Challis, tax advice by partner Philip Alfandary, and real estate advice by partner James Barnett.

Acorns Health Care’s management team was funded by Ignite Growth LLP, advised by Trowers &amp; Hamlins, and Shawbrook Bank, advised by Bevan Brittan. Quantuma provided corporate finance advice to the sellers, with K3 providing tax advice.
Oliver Kelly said:

“Broadfield brings considerable experience and expertise in advising on a wide range of corporate finance transactions including in the health and social care sector, and we are delighted to have played a role in the sale of Acorns as it embarks on the next stage of its journey.”

Sue Vaughan, founder and director of Acorns Health Care said:

“It is never an easy decision to sell a business that has been built with a passion and a strong desire to change the lives of those we touch. I am thrilled to sell to the management team that shares those passions. I would also like to thank the team at Broadfield for their advice and guidance that ensured this transaction was completed before the October Budget.”