Deals
New Mountain’s Ciox Nears Merger With Datavant
- Combined company to be worth about $7 Billion, including debt
- Merger agreement could be announced as soon as this week
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New Mountain Capital-backed Ciox Health LLC is nearing a merger with health-care technology company Datavant Inc., according to people familiar with the matter.
The combined company, to be re-branded as Datavant, will be worth about $7 billion, including debt, they said. An agreement could be announced as soon as this week, said the people, who asked not to be identified because the information was private. New Mountain will be lead investor in the company while Sixth Street Partners and an investment arm of Goldman Sachs Group Inc. are also investing as part of the transaction, the people said.