Travis May, Datavant CEO

Roivan­t's da­ta spin­out merges with ri­val in $7B deal

As Roivant looks to reac­quire one of its spin­outs, an­oth­er one is merg­ing with a ri­val at a mas­sive val­u­a­tion.

Data­vant, Roivant’s re­al-world ev­i­dence and health da­ta play, an­nounced that it is merg­ing with the elec­tron­ic-health record man­age­ment firm Ciox Health in a trans­ac­tion they say will val­ue the com­bined com­pa­ny at $7 bil­lion. The merged com­pa­ny claims that it has $700 mil­lion in an­nu­al rev­enue.

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