Lumeris, a St. Louis-based value-based care transformation company bringing the technology-driven capabilities to deliver a system of care doctors want for their family, announced it has completed a $100 million equity capital raise. Deerfield Management and new investor Endeavor Health led this funding round. Existing investors Kleiner Perkins, Sandbox Industries, BlueCross BlueShield Venture Partners, and JDLinx (an investment company owned by John Doerr) participated in the round.
Lumeris has provided the most proven value-based care results for providers and their patients for over a decade. And this new growth capital supports the recent rapid expansion of Lumeris’ provider partnerships, including some of the country’s largest health systems and physician groups. Lumeris provides the technology and care delivery processes to achieve extraordinary results, improving the quality and cost of healthcare.
By offering all the necessary tools and capabilities in a sophisticated shared risk model, Lumeris’ provider partners can rest assured that their current and future value-based needs will be met. Lumeris also owns and operates Essence Healthcare, the industry’s highest-rated Medicare Advantage plan.
KEY QUOTES:
“Our proven track record in enabling health systems and physician groups to manage all value-based populations, including Medicare Advantage, Traditional Medicare, Commercial, and Medicaid, has consistently delivered high-quality outcomes while effectively managing the total cost of care. This recent investment will further enable us to meet the growing demand from our provider partners to adopt value-based models.”
- Mike Long, Chairman and CEO of Lumeris
“Lumeris has demonstrated differentiation through best-in-class technology and the ability to foresee and manage risk. Its longstanding ownership and management of a Medicare Advantage (MAPD) plan that has received a 5-star rating for the past three years is a testament to its deep understanding of the healthcare landscape and its commitment to delivering high-quality patient care.”
- Vincent Mellet, Partner at Deerfield Management
