Datavant and Ciox Health Merge in $7.0B Deal to Create Largest Health Data Ecosystem
June 9, 2021
Datavant and Ciox Health signed a definitive agreement to merge in a transaction valued at $7.0 billion, creating a combined company to be named Datavant that will be the largest neutral health data ecosystem in the United States. The deal is supported by an investor group led by New Mountain Capital with significant new investment from Sixth Street and participation from Goldman Sachs Asset Management, Roivant Sciences and other strategic and financial investors; upon closing Pete McCabe will be CEO and Travis May will be President.
- Buyers
- Datavant, New Mountain Capital, Sixth Street, Goldman Sachs Asset Management, Roivant Sciences, Transformation Capital, Merck Global Health Innovation Fund, Labcorp, Cigna Ventures, Johnson & Johnson Innovation – JJDC, Inc., Flex Capital
- Targets
- Ciox Health
- Industry
- Data & Analytics
- Location
- Georgia, United States
- Transaction Type
- Buyout
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