Announced
Completed
Financials
Tags
clinical data exchange
United States
Acquisition
Merger
Venture Capital
Domestic
healthcare information technology
IT Services: Other
Private
Friendly
Single Bidder
Private Equity
Completed
medical records
Synopsis
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.
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