Company:Datavant

From HandWiki
Short description: American health IT company
Datavant
TypePrivately held company
IndustryHealth information technology
Founded2017
HeadquartersSan Francisco, CA
Key people
  • Travis May, Founding CEO
  • Pete McCabe, CEO
SubsidiariesCiox Health
Websitedatavant.com

Datavant is a health information technology company based in San Francisco , United States , which develops and maintains a digital ecosystem for the exchange of healthcare data.[1][2] Datavant's clients include clinical research organizations, pharmaceutical companies, payers, analytics companies, hospitals, and providers, operating primarily in the US healthcare market.[3]

Along with the Health Care Cost Institute, Snowflake, Elsevier, Parexel, and others, Datavant operates the COVID-19 Research Database, which "enables public health and policy researchers to use real-world data to understand and combat the COVID-19 pandemic."[4][5]

History

Datavant was co-founded by Roivant Sciences in 2017 with a focus on data management in support of clinical trials.[6] Datavant's founding CEO was Travis May, a former co-founder of LiveRamp.[6]

The company received a $40.5mm Series A investment in 2018 led by Roivant Sciences,[7] followed by a $40mm Series B investment in 2020.[citation needed] In June 2021, Datavant entered into a seven billion dollar deal to merge with the healthcare information management company Ciox Health.[8][9] Following the merger, May became president and joined the company's board, while Ciox's CEO Pete McCabe become the CEO of the joint entity that continued under the Datavant name.[10] Also in June 2021, Datavant announced a partnership with Biodesix, a data-driven diagnostics company.[11]

References

  1. "Datavant Company Profile: Funding & Investors | PitchBook" (in en). https://pitchbook.com/profiles/company/228235-78. 
  2. "Connecting Health Data to Improve Patient Outcomes" (in en-US). https://datavant.com/. 
  3. "Datavant". https://www.healthtechalpha.com/investors/datavant/9253. 
  4. "See how age and illnesses change the risk of dying from covid-19" (in en). The Economist. https://www.economist.com/graphic-detail/covid-pandemic-mortality-risk-estimator. 
  5. "COVID-19 Research Database" (in en-US). https://covid19researchdatabase.org/. 
  6. 6.0 6.1 "Roivant Sciences Launches Datavant to Improve Clinical Trials with Artificial Intelligence" (in en). https://roivant.com/roivant-sciences-launches-datavant-to-improve-clinical-trials-with-artificial-intelligence.html. 
  7. "Datavant". https://www.theladders.com/job/head-of-product-success-identified-datavant-san-francisco-ca_56171896. 
  8. "Datavant, Ciox Health ink $7B deal for wide-ranging access to medical research data" (in en). https://www.fiercebiotech.com/medtech/datavant-to-absorb-ciox-health-7b-medical-data-deal. 
  9. "Goodwin, Ropes, Sidley support Datavant and Ciox's $7 bln union". 2021-06-09. https://www.reuters.com/legal/transactional/goodwin-ropes-sidley-support-datavant-cioxs-7-bln-union-2021-06-09/. 
  10. "Datavant and Ciox Health Announce Merger, Creating the Largest Neutral and Secure Health Data Ecosystem" (in en-US). https://datavant.com/news/datavant-and-ciox/. 
  11. "Biodesix, Datavant Join in Lung Cancer Data Partnership" (in en). 2021-06-04. https://www.precisiononcologynews.com/business-news/biodesix-datavant-join-lung-cancer-data-partnership. 

External links

Official website