Leading Healthcare Data Exchange Providers Datavant and Ciox Merge in $7B transaction

“Datavant, the leader in helping healthcare organizations securely connect their data, and Ciox Health, the leader in clinical data exchange, today announced that they have signed a definitive agreement to merge the two companies in a transaction valued at $7.0 billion. The combined entity, to be named Datavant, will be the nation’s largest health data ecosystem, enabling patients, providers, payers, health data analytics companies, patient-facing applications, government agencies, and life science companies to securely exchange their patient-level data.”

“The combined company is focused on improving patient outcomes and reducing costs by removing impediments to the secure exchange of health data. Datavant will offer the ability to access, exchange, and connect data among the thousands of organizations in its ecosystem for use cases ranging from better clinical care and value-based payments, to health analytics and medical research.”

“Datavant’s combined ecosystem will now include:

  • More than 2,000 U.S. hospitals and more than 15,000 clinics
  • More than 120 health plans
  • More than 100 health data analytics companies
  • More than 30 life science companies
  • More than 70 academic institutions and non-profits
  • More than 75 state, local, and federal government agencies”

“The fragmentation of health data is one of the single greatest challenges facing the healthcare system today,” said Pete McCabe, CEO of Ciox Health. “Each of us has many dozens of interactions with the healthcare system over the course of our lives, and that information is retained in siloed databases across disparate institutions. Every informed patient decision and every major analytical question in healthcare requires the ability to pull that information from across the health data ecosystem while protecting patient privacy. 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.”…

Read the full press release here.

Source: Datavant and Ciox Health Announce Merger, Creating the Largest Neutral and Secure Health Data Ecosystem, June 9, 2021. Business Wire.

G2X TAKE: Datavant, a leader in helping Healthcare organizations securely connect their data, and Ciox, a leader in clinical data exchange, have announced an agreement to merge, setting up the nation’s largest health data ecosystem, with a focus on enabling patients, providers, payers, health data analytics companies, patient-facing applications, Government agencies, and life science companies to securely exchange their patient-level data.

Take Bytes

  • Ciox has made a number of strategic hires over the past year or so, to include recruiting former CMS CMMI CTO Shannon West as Chief Innovation Officer; adding Nick Giannasi as its Chief Product Officer; and Tal Rosenberg as President, Real World Data (RWD). 
  • This continues Ciox’s recent run of investment in partnerships and strategic M&A actions, to include last summer’s announcement of the acquisition of San Francisco-based biomedical Natural Language Processing (biomed-NLP) technology company, Medal, Inc.; an announced collaboration with LabCorp to create a Comprehensive Patient Data Registry; a partnership with HealthVerity to enable a First-in-Kind Decentralized Clinical Trial; and a partnership with Signify Health to create a First-of-its-Kind Unified Patient Record Incorporating Clinical and Social Insights from the Home and Community.
  • Ciox CEO Pete McCabe will remain to lead the newly merged entity, with Datavant CEO Travis May assuming the role of President.
0
Tags:

Tagged: , , , , , ,

This topic contains 0 replies, has 1 voice, and was last updated by  Heather Seftel-Kirk 3 months, 2 weeks ago.

  • Author
    Posts
  • #89275
     Heather Seftel-Kirk
    • Writer
    • G2Xchange

    Replies viewable by members only

    0

You must be logged in to reply to this topic.

CONTACT US

Questions?. Send us an email and we'll get back to you, asap.

* Required


©2021 MileMarker10, LLC all rights reserved | Community and Member Guidelines | Privacy Policy | About G2Xchange Health

Federal Government Employees Join Free

As a special thank you to all the federal agencies that have been supportive of our efforts over the years we offer a free individual membership to Federal Government employees.  Membership includes:


Full Access to the G2Xchange Health website, including exclusive member content.

Access to Forums, Comments, and Discussions

Member Directory

Private Messaging

The G2Xchange Health Daily Take Newsletter which includes the latest intelligence, news, and happenings from across the Federal Health IT Market.

Exclusive Discounts on G2Xchange Events and G2Xchange Partner Events.

Click Here to Join


THANK YOU
FOR YOUR
SUPPORT


Opportunities. Starting Points.

About our Data

The Vault is a listing of expiring contracts, task orders, etc. within a certain set of parameters, to include:

  • Have an initial total estimated contract value of $3 million or above
  • Federal Health Only – MHS/DHA, HHS, CMS, or VA Actions
  • NAICS codes include: 511210, 518210, 519130, 519190, 541511,
    541512, 
    541513, 541519, 541611, 541618, 541690, 541720, 541990
  • Were modified within the last 12 calendar months
  • The data represented is based on information provided by the Government

Who has access? Please note that once the Vault product is no longer in the Beta testing phase, ALL G2Xchange Health Members will receive access to all basic and much of the advanced data. G2Xchange Health Corporate Members will receive access to ALL Vault content (basic and advanced).

Feedback/Suggestions? Contact us at Vault@G2Xchange.com and let us know what you think. 

G2Xchange Health, a service of MileMarker10

Log in with your credentials
for G2Xchange Health

Forgot your details?