Datavant: merger with Ciox Health
Healthcare data specialist Datavant has announced plans to merge with clinical data exchange Ciox Health, in a transaction valued at $7b USD. The combined company (to be named Datavant) will focus on helping clients improve outcomes and reduce costs by facilitating secure exchange of health data.
“The fragmentation of health data is one of the single greatest challenges facing the healthcare system today,” said Pete McCabe, CEO of Ciox Health. “We are thrilled to join forces with the Datavant team to connect health data to improve patient outcomes; together we are well positioned to navigate the technical, operational, legal, and regulatory challenges to doing so, and are committed to acting as a neutral connectivity solution for our many customers and partners.”
