SAN DIEGO & SAN FRANCISCO--(BUSINESS WIRE)--
TEAM Risk Management Strategies (TEAM) and Acumen Fiscal Agent, two portfolio companies of affiliated funds managed by Alpine Investors, announced today that they have partnered with PASCO (Personal Assistance Services of Colorado, LLC), one of Colorado's largest providers of Home and Community Based Services (HCBS) to children and adults.
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PASCO, based in Lakewood, CO, was founded in 1992 and has been actively advocating for people with disabilities for over 25 years. Since its inception, PASCO has been proudly delivering an array of homecare services, often through family caregivers, to help its clients establish and achieve their personal goals through supportive care that promotes greater independence and choice. PASCO provides certified nursing assistance, skilled nursing, in-home support services, services for those with developmental disabilities, personal and pediatric care, and behavioral therapy services. With a sterling reputation for reliable, high-quality services that respect client choice, PASCO has become one of the most well-known and well-respected home healthcare agencies in Colorado.
TEAM, a provider of outsourced household employment administration to fiduciaries, offers full-service access to payroll and human resources services. As the employer of record, TEAM eliminates the hassles of employee administration and mitigates employment-related risk for its clients, including many people with disabilities and their families. TEAM is proud to serve the disability community in all 50 states, helping individuals and families employ caregivers of their own choosing. Acumen, one of the largest providers of fiscal agent solutions, helps individuals participating in Medicaid consumer directed programs across 15 states employ caregivers of their choosing. The three organizations are linked in service and philosophy, and are aligned behind PASCO’s founding mission: supporting maximum choice and independence for people with disabilities.
“It is so exciting to begin this great partnership with TEAM and Acumen,” said Ryan Zeiger, President and CEO of PASCO. “We are extremely excited to work with these innovative organizations in the coming years to continue to grow and expand the scope of our services. Our company cultures are so similar – with great professionals, passion and a can-do spirit, PASCO, TEAM, and Acumen will work together to help our clients live happier, healthier, more independent lives.”
TEAM will continue to provide its employment administration solution to fiduciaries and their clients nationwide. Acumen and PASCO will be united in strategic vision under a new TEAM platform that focuses exclusively on serving clients through Medicaid and other state-sponsored disability programs. The PASCO and Acumen leadership teams both have a track record of advocating with and for the disability community, which will continue as they look to expand services and geographies.
“Our companies are already performing at a high level, but the future potential that this partnership creates is truly remarkable,” said Josh Greenberg, CEO of TEAM. “PASCO’s entire leadership team is so talented and passionate, and TEAM and Acumen have complementary expertise and additional resources and technology to share. This partnership has us poised for accelerated growth. The opportunity to join forces in ways that expand the collective impact we can have on the disability communities we serve, while preserving what makes our individual companies great, is incredibly energizing.”
PASCO is a home healthcare agency headquartered in Lakewood, Colorado. PASCO’s passion and service philosophy are centered around providing maximum choice and independence in their home and community based service delivery. True to that vision, PASCO has developed a unique program that allows parents of children with disabilities to serve as paid Certified Nurse Assistant caregivers for their children. This unique program is available exclusively in Colorado, the only state in which PASCO currently operates.
TEAM, founded in 2003, provides outsourced household employment administration, with a focus on facilitating self-directed care for clients of banks, trust companies, and other fiduciaries.
Acumen, founded in 1995, is one of the largest providers of fiscal agent solutions in the nation, working with individuals with disabilities and their families to help facilitate consumer-directed healthcare services.
About Alpine Investors
Alpine is a values-driven private equity firm with a mission to build enduring companies by working with, learning from and developing exceptional people. Alpine specializes in lower middle-market companies in the software, online and business services industries. For more information, visit www.alpine-investors.com.
Copyright Business Wire 2017