What You Should Know
- Healthcare data collaboration platform Datavant announced that investment funds managed by Neuberger Capital Solutions, Neuberger Private Markets, and KKR have agreed to acquire a significant minority stake in the company.
- Long-term healthcare private equity sponsor New Mountain Capital, which has been an investor in Datavant since 2014, will retain its majority control position.
- The transaction expands the capital structure supporting the nation’s largest health data ecosystem, which currently connects more than 80,000 healthcare providers and clinics, 75 of the top 100 U.S. health systems, and 350+ partner organizations.
- The platform touches healthcare data representing 90% of the U.S. population and 80% of Medicare Advantage plan participants, securely moving more than 60 million healthcare records between payers, providers, life sciences companies, and government research agencies.
- Growth capital will be deployed to accelerate the digital modernization of Datavant’s data-linking rails, deepen tokenization infrastructure, and expand data provisioning for clinical AI model training and real-world evidence analytics.
Scale of the Nation’s Largest Health Data Ecosystem
Under the leadership of CEO Kyle Armbrester, Datavant operates as the underlying interoperability and tokenization layer across U.S. healthcare:
- Market Footprint: Connects 80,000+ providers, 75 of the top 100 U.S. health systems, and 350+ ecosystem partners across payers, life science firms, and health analytics vendors.
- Population Coverage: Datavant’s data network touches 90% of the U.S. population and 80% of Medicare Advantage plan participants, moving more than 60 million healthcare records between institutions annually.
- Global Operations: Operates U.S. hubs in Boston, Dallas, New York, and San Diego, supported by international technical and operational centers in Barcelona, Spain, and Galway, Ireland.
“From our work on both the supply and demand side of health data, we see the pressure points and opportunities to make it easier to move, protect, and use health data across a complex and evolving environment,” said Kyle Armbrester, CEO of Datavant. “We were deliberate in choosing the best strategic partners for our business, who align with our mission and believe strongly in our long-term vision. With New Mountain, Neuberger, and KKR by our side, we’re well equipped to deepen our impact across the healthcare ecosystem and accelerate into our next phase of growth.”
