Lumeris will use the $71 million in financing to expand into 20 markets before the end of 2014. W. Michael Long, Chairman and Chief Executive Officer of Essence Group Holdings Corporation and Lumeris said expansion will help the company contract with more health care organizations.
Lumeris’ parent company announces $71 million in new financing.
Coverage of Lumeris funding news and expansion from eight to 20 U.S. markets by the end of 2015.
Lumeris capital raise of $71 million is cited in The Wall Street Journal’s blog (Venture Capital Dispatch) about investment interest in the industry.
Essence Group raises $71 million to enhance position in population health management market.
Lumeris’ population health management solutions are featured, as well as the resulting $71 million in private-equity funding that will support expanding those solutions into 12 additional markets.
The $71 million received by Lumeris in private equity is included in the more than $2.2 billion (as cited by Rock Health) invested in the broad category of digital health care as a result of health care reform.
Lumeris is featured as raising $71 million in funding from private equity companies.
A MoneyTree report, compiled by PriceWaterhouse Coopers and the National Venture Capital Association using data from Thomson Reuters, says Essence Group Holdings Corporation was one of six St. Louis companies to complete fund-raising during the quarter. Venture capital firms invested $78.5 million in St. Louis companies during the third quarter, the largest amount in nearly three years, but 90 percent of the money went to Lumeris.
Director of Innovation Research at Lumeris Dr. Tom Doerr shares strategies for reducing primary care physician frustration in a contributed article, “How to achieve the Triple Aim +1™ physician satisfaction” posted to KevinMD.com