US healthcare data giants Datavant and Ciox strike $7bn merger deal
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Datavant and Ciox Health today announced they have agreed to merge. In a deal valued at $7bn, the combined company will become largest health data network in the US.
The new company, named Datavant, will allow a secure exchange of data among its network of more than 2,000 US hospitals and 15,000 clinics. It will also work with data analytics companies and government agencies.
The deal is supported by the companies’ group of investors, led by investment firm New Mountain Capital, Labcorp, Cigna Ventures and Roivant Sciences.
Ciox CEO Pete McCabe will lead the new company, while Datavant CEO Travis May will take on the role of president and join the board of directors.
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Ciox Health Names Chief Innovation Officer
Former CTO at CMS to Lead Ciox s Continuing Growth as a Leader in Health Data and Insights
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ALPHARETTA, Ga., April 6, 2021 /PRNewswire/ Ciox Health, a leading health technology company, today has named Shannon West as Chief Innovation Officer. In this newly created position, West will help further Ciox s growth with innovative new technologies, solutions and business models. In 2021 and beyond, Ciox is dedicated to accelerating its pace of innovation in making Ciox s vision possible, to power every health decision with the right data at the right time in the right format. In her work as Chief Innovation Officer, West will lead digital interoperability efforts, informed by her deep experience in innovation and policy.
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