Lumia Care: Comprehensive Company Profile

Background

Overview

Lumia Care is a prominent Australian healthcare group specializing in nursing, home care, and disability services. Established in April 2022 through the strategic consolidation of several reputable healthcare providers, Lumia Care aims to deliver comprehensive, compassionate, and personalized care across Australia.

Mission and Vision

Lumia Care's mission is to empower individuals to live life on their terms, irrespective of age or health condition. The organization is committed to providing reliable, relatable, and respectful healthcare services that foster independence and autonomy.

Primary Area of Focus

The company focuses on delivering a wide range of healthcare services, including:

• Aged Care: Offering in-home care and support to seniors, enabling them to maintain independence and quality of life.

• Disability Support: Providing personalized services to individuals with disabilities, assisting them in achieving their goals and enhancing their independence.

• Hospital in the Home: Delivering hospital-level care in the comfort of patients' homes, reducing the need for prolonged hospital stays.

• Nursing Workforce: Supplying highly qualified and specialist nurses to acute and sub-acute hospital sectors and aged care facilities.

Industry Significance

Lumia Care holds a significant position in the Australian healthcare sector, being the fourth-largest aged care provider in the country. The company has also become a major provider of critical nurses to both private and public hospitals, reflecting its substantial impact on the healthcare landscape.

Key Strategic Focus

Core Objectives

• National Expansion: Lumia Care aims to broaden its reach across Australia, enhancing its service offerings and accessibility.

• Service Diversification: The company seeks to expand its range of services, including aged care, disability support, and hospital in the home, to meet diverse healthcare needs.

• Quality Care Delivery: Maintaining high standards of care through continuous improvement and adherence to industry best practices.

Specific Areas of Specialization

• In-Home Care Services: Providing personalized care plans tailored to individual needs, ensuring comfort and independence at home.

• Disability Support Services: Offering a variety of support options, including personal care, social and community engagement, and supported accommodation.

• Nursing Workforce Solutions: Supplying skilled nurses to hospitals and aged care facilities, addressing staffing shortages and ensuring quality patient care.

Key Technologies Utilized

Lumia Care integrates technology to enhance service delivery, including:

• Telehealth Solutions: Enabling remote consultations and monitoring, improving accessibility and convenience for clients.

• Personalized Care Planning Tools: Utilizing software to develop and manage individualized care plans effectively.

Primary Markets Targeted

• Aged Care Facilities: Supplying in-home care and nursing services to support the elderly population.

• Disability Support Sector: Providing services to individuals with disabilities, including those under the National Disability Insurance Scheme (NDIS).

• Healthcare Institutions: Offering staffing solutions to hospitals and medical facilities across Australia.

Financials and Funding

Funding History

Lumia Care was established in April 2022 through a partnership with Pemba Capital Partners, which facilitated the consolidation of several healthcare businesses. The company has since expanded its operations and service offerings, indicating a positive trajectory in its financial growth.

Total Funds Raised

Specific details regarding the total funds raised by Lumia Care are not publicly disclosed.

Recent Funding Rounds

The most recent funding round occurred in April 2022, when Pemba Capital Partners partnered with Colbrow Care, Meditech Staffing, Kemp Recruitment, and Regal Health to establish Lumia Care.

Notable Investors

Pemba Capital Partners is a significant investor in Lumia Care, providing the initial capital and strategic guidance for the company's formation and growth.

Intended Utilization of Capital

The capital raised has been utilized for:

• Acquisitions: Integrating established healthcare providers to expand service offerings and geographic reach.

• Service Expansion: Developing new services, such as hospital in the home and enhanced disability support.

• Technology Integration: Implementing telehealth solutions and personalized care planning tools to improve service delivery.

Pipeline Development

Key Pipeline Candidates

Lumia Care has focused on strategic acquisitions to enhance its service portfolio, including:

• Healthcare HQ: Acquired in February 2024, this Sydney-based nursing agency specializes in nurse staffing services across hospitals and aged care facilities.

• PRN Healthcare: Acquired in March 2024, providing staffing services and recruitment solutions to hospitals, government facilities, aged care organizations, and day clinics across Australia.

• JB Care: Acquired in April 2024, offering a variety of personalized support services designed to help NDIS participants live independently and achieve their goals.

Stages of Clinical Trials or Product Development

As a service-oriented healthcare provider, Lumia Care does not engage in clinical trials or product development.

Target Conditions

The company's services address a wide range of healthcare needs, including:

• Aged Care: Supporting the elderly population with in-home care and nursing services.

• Disability Support: Assisting individuals with disabilities to live independently and achieve their personal goals.

• Hospital in the Home: Providing hospital-level care in patients' homes to reduce the need for prolonged hospital stays.

Relevant Timelines for Anticipated Milestones

• Healthcare HQ Acquisition: February 2024

• PRN Healthcare Acquisition: March 2024

• JB Care Acquisition: April 2024

Technological Platform and Innovation

Proprietary Technologies

Lumia Care leverages proprietary technologies to enhance service delivery, including:

• Telehealth Platforms: Facilitating remote consultations and monitoring for clients.

• Care Management Software: Streamlining the development and management of personalized care plans.

Significant Scientific Methods

The company employs evidence-based practices and integrates technology to improve care outcomes, though specific scientific methodologies are not detailed in the available information.

Leadership Team

Executive Profiles

• Jason Cartwright: CEO of Lumia Care, with a background as the former CEO of Healthcare Australia. He joined Lumia Care in April 2022 to lead the company's growth and strategic direction.

• Additional Leadership Profiles: Specific details about other members of the leadership team are not publicly disclosed.

Competitor Profile

Market Insights and Dynamics

The Australian healthcare sector is characterized by a growing demand for aged care, disability support, and in-home healthcare services. The market is expanding due to an aging population and increased awareness of the benefits of home-based care.

Competitor Analysis

Lumia Care operates in a competitive landscape with several key players, including:

• Colbrow Care: A Melbourne-based provider specializing in nursing, disability support, and one-to-one care services.

• Meditech Staffing: Serving Sydney, the Central Coast, and Campbelltown, offering home care services and operating a registered training organization for healthcare professionals.

• Kemp Recruitment: A national provider of medical professionals to hospitals and medical facilities across Australia, facilitating staffing needs and contracts.

• Regal Health: Established in 1966, offering in-home care and disability support services in the Sydney metropolitan area.

• I-Nurse: Founded in 2005, providing specialized nursing services to hospitals in Victoria.

• Healthcare HQ: Acquired by Lumia Care in February 2024, a Sydney-based nursing agency known for its nurse staffing services across hospitals and aged care facilities.

Strategic Collaborations and Partnerships

Lumia Care has formed strategic partnerships to enhance its service offerings, including: