Lumere, Inc. has been Acquired by Global Healthcare Exchange, LLC
January 15, 2020
Lumere, Inc. (“Lumere” or “the Company”), a leading provider of evidence-based data and analytics solutions, has been acquired by Global Healthcare Exchange, LLC (“GHX”). The Lumere acquisition expands GHX’s growing portfolio of innovative solutions that help healthcare organizations run the new business of healthcare – one where payments for care delivery are increasingly tied to quality of care and efficiency. By combining the assets of GHX with Lumere’s SaaS platform, GHX seeks to create the gold standard in data governance, providing a single source of trusted information for the management of devices and drugs used in the delivery of care. The Lumere acquisition also significantly extends GHX’s footprint in the pharmaceutical market, helping health systems more strategically manage the complex area of pharmacy cost.
Cain Brothers served as Lumere’s exclusive financial advisor in connection with the transaction.
Founded in 2012, Chicago-based Lumere has emerged as the industry leading source of technology solutions that drive evidence-based device and drug utilization and purchasing decisions. When armed with cost and clinical efficacy data and insights from Lumere, supply chain and pharmacy leadership can drive an evidence-based conversation that enables healthcare stakeholders to provide care delivery that’s backed by data and guided by evidence; support drug and device expenditures by clinical outcomes, not just price; and help clinicians and hospital administrators easily access the information they need to make the best decisions for every patient. Lumere’s investors include Heritage Group, FCA Venture Partners and the Company’s founders.
Louisville, CO-based GHX is a healthcare SaaS business and data automation company, empowering healthcare organizations to enable better patient care and maximize industry savings using its world-class cloud-based supply chain technology platform. GHX is owned by Temasek, Thoma Bravo and management.
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