“Every decision made in healthcare should be informed by data,” said Travis May, CEO of Datavant. 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.” We are thrilled to join forces with the Datavant team to connect health data to improve patient outcomes. 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. “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. “The fragmentation of health data is one of the single greatest challenges facing the healthcare system today,” said Pete McCabe, CEO of Ciox Health. More than 75 state, local, and federal government agencies.More than 70 academic institutions and non-profits.More than 100 health data analytics companies.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.ĭatavant’s combined ecosystem will now include: The combined company is focused on improving patient outcomes and reducing costs by removing impediments to the secure exchange of health data. 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. San Francisco, CA and Alpharetta, GA – J– 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. Independence Health System said it's the third largest in western Pennsylvania and serves 750,000 people.Combined company positioned to solve the challenge of health data fragmentation Joint technology solution enhances patient privacy and health care efficiency Company to be named Datavant, with revenue of more than $700 million $7.0 billion 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 – JJDC, Inc., Flex Capital with significant new investment from Sixth Street and Goldman Sachs Asset Management The two health systems merged in January, and according to the Post-Gazette, both hospitals reported huge operating losses - Butler $23 million and Excela $15 million - for the six-month period ending Dec. Our commitment to providing the very highest level of care in our communities is unwavering." "As the new name denotes, we offer a scope of services and clinical programs that is locally based, locally controlled, and available to patients without having the need for them or their families to travel long distances. "'Independence' represents important distinctions for the new system," said Ken DeFurio, the health system's president and CEO, in a news release. It includes Butler, Clarion, Frick, Latrobe and Westmoreland hospitals along with several outpatient facilities. The system has about 7,300 employees and more than 1,000 physicians and practitioners. PITTSBURGH (KDKA) - The new system formed when Excela and Butler merged has a name: Independence Health System. Excela, Butler Health System announce new name 00:22
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