Acumen Fiscal Agent
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Acumen Fiscal Agent - overview
Established
1995
Location
Mesa, AZ, US
Primary Industry
Healthcare
About
Acumen Fiscal Agent provides fiscal intermediary services for self-directed care, focusing on individuals with disabilities and veterans, streamlining payroll and compliance to enhance client autonomy and home care options. Acumen Fiscal Agent, founded in 1995 and headquartered in Mesa, US, offers fiscal intermediary services. The firm emerged through its merger with PASCO in December 2017 to form TEAM Services Group. The CEO is Josh Auer.
Acumen Fiscal Agent specializes in fiscal intermediary services that support self-directed care for individuals with disabilities, aging adults, and veterans. Their services include managing payroll, tax compliance, electronic visit verification (EVV), and financial responsibilities, enabling clients to hire their caregivers. They collaborate with various federal and state programs and managed care organizations to personalize care solutions, enhancing client autonomy and simplifying employee management. Acumen Fiscal Agent generates revenue through service agreements with clients and funding partners, primarily from fiscal intermediary services.
Revenue is derived from billing funding sources after processing payroll for direct care employees, ensuring tax compliance. Pricing plans are tailored based on individual agreements with partners, allowing for customized financial solutions. Following the merger in December 2017, Acumen plans to leverage recent funding to expand its service offerings. They are focusing on developing new products and extending their market reach into additional states, aiming to enhance service delivery for self-directed care.
This strategic expansion is expected to support their growth objectives and solidify their position in the industry.
Current Investors
TEAM Services Group, LLC
Primary Industry
Healthcare
Sub Industries
Home Healthcare, Nursing Homes & Assisted Living
Website
www.acumenfiscalagent.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
Acumen Fiscal Agent - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | Acumen Fiscal Agent, PASCO, Risk Management Strategies, Inc. | - |
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