Datavant acquires Ontellu
Health data platform Datavant is acquiring Ontellus , a provider of health records retrieval and claims intelligence, from private equity investors Aquiline Capital Partners and The Capstreet Group.
Ontellus will join Datavant to deliver an integrated, digital-first platform that connects those with health records to those who need them. According to the press release, the combined organization will reduce administrative burden for Datavant’s network of over 80,000 health care providers, clinics, hospitals and health system partners, who routinely manage requests for health records.
“Moving health data securely and compliantly from where it sits to where it needs to be in the right format to authorized users is one of the industry’s biggest challenges. In addition to driving value to our health care providers, freeing up more of their time to focus on patient care, this acquisition will transform the experience for requesters from a largely manual and time consuming process to a more efficient, digital process that leverages Datavant’s deep expertise in privacy preservation and compliance. We are delighted to welcome Ontellus’ world-class team and work with them to further transform the health data request process for all of our customers.” – Datavant CEO Kyle Armbrester.
Ontellus has digitized its records retrieval business into a nationwide platform through which record requestors have direct access to providers. Additionally, through its canvassing services, Ontellus delivers detailed claimant treatment timelines to validate claims or uncover preexisting conditions, helping customers reduce unnecessary and costly claims exposure. Datavant will join Ontellus’ capabilities with its own digital connectivity capabilities to create a highly tech-enabled integrated platform offering to better serve all customers.
Ontellus CEO, Vince Cole, will join Datavant’s Executive Leadership Team, reporting directly to Kyle Armbrester, Datavant CEO.
“By combining Ontellus’ industry-leading request fulfillment infrastructure with Datavant’s advanced connectivity and data exchange capabilities, we’re enabling faster, more precise access to critical health information—not only for healthcare providers, but also for legal and insurance professionals who rely on timely, accurate data to support claims and compliance. We are deeply grateful to our investor partners, Aquiline Capital Partners and The Capstreet Group, whose strategic guidance and resources have powered our growth and product innovation.” – Vince Cole, CEO of Ontellus.
