Datavant completed the merger with Ciox Health in a $7bn deal.

Datavant, which provides solutions to help institutions protect, match and share health data, completed the merger with Ciox Health, a healthcare information management company, in a $7bn deal. The transaction supported by existing investor group of New Mountain Capital, Roivant Sciences, Transformation Capital, Merck Global Health Innovation Fund, Labcorp, Cigna Ventures, Johnson & Johnson Innovation, Flex Capital, with significant new investment from Sixth Street and Goldman Sachs Asset Management. “Our goal is to create a ubiquitous, trusted, and neutral data ecosystem where parties across the healthcare system can seamlessly and securely exchange data – unlocking better outcomes, faster research, and healthcare at a lower cost. The combined company is positioned to transform America’s health infrastructure and power the health data economy,” Travis May, Datavant CEO.