Asset Manager

Updated:

Lumeris Group Holdings Corp

Dr. David Carmouche leads Lumeris, which manages $90B in medical spend through Tom™, its AI platform for value-based primary care.

Lumeris Group Holdings Corp

Lumeris is a physician-first healthcare transformation company dedicated to improving primary care through our AI-powered Primary Care as a Service platform.

General information

Firm type

Asset Manager

Year founded

AUM

Undisclosed

Location

Region

North America

Country

United States

City

Maryland Heights

Corporate office

Maryland Heights, MO, United States

Principals

David Carmouche

Executive Vice President

Sector focus

Healthcare ServicesAI/MLEnterprise Software

Frequently asked questions

How does Lumeris generate revenue, and does it invest capital directly?

Lumeris generates revenue through operational partnerships where it embeds its Tom™ platform into health systems and physician groups. It does not operate as a traditional investment firm or deploy a fund. Instead, it takes on clinical and financial risk alongside its partners, earning returns through the value-based care savings it helps generate. The firm has not publicly disclosed a pool of invested assets or a private capital vehicle.

What is Tom™ and how does it differentiate Lumeris from other healthcare AI platforms?

Tom™ is an AI-powered platform that serves as a core operating system for primary care delivery. It coordinates patient outreach, risk stratification, and care navigation between visits, functioning as an active member of the care team rather than a passive analytics tool. In May 2026, MedTech Breakthrough named it Best Care Orchestration Platform, indicating a focus on workflow integration that distinguishes it from point-solution AI tools.

Who runs investment and strategic decisions at Lumeris Group Holdings?

The firm’s public leadership presence is represented by Dr. David Carmouche, Executive Vice President. The firm has not publicly disclosed its full C-suite, board composition, or a centralized investment committee. Strategic decisions appear to flow through a physician-led operational leadership structure rather than a traditional principal investment office.

Does Lumeris participate in fund commitments or direct investments in healthcare companies?

There is no public evidence that Lumeris operates as an institutional allocator making fund commitments or direct minority investments. Its capital deployment is operational, tied to the resources required to embed its platform and assume risk in partner health systems. The firm has not disclosed a portfolio of equity stakes or LP interests.

What is Lumeris's relationship with the Collaborative for Healthy Rural America (CHRA)?

Lumeris is a participant in the Collaborative for Healthy Rural America. In May 2026, Lumeris announced that Instacart had joined CHRA to expand access to nutrition and essential goods, indicating that Lumeris uses the collaborative to coordinate partnerships that address social determinants of health for rural populations. The firm’s role in CHRA appears to be operational and convening rather than purely financial.

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