- Companies
- Ciox Health
Ciox Health Acquisition, Valuation, Funding & Investors
Ciox Health was acquired by Datavant for $7B in June 2021.
Ciox Health acquisition price
$7B
Acquired by Datavant · Jun 2021
Cumulative funding Ciox Health raised
$30M
across 2 funding rounds
Key investors in Ciox Health
New Mountain Capital
KKR
Merck Global Health Innovation Fund
HarbourVest Partners
Neuberger Berman Capital Solutions
About Ciox Health
Ciox Health was an Alpharetta-headquartered provider of healthcare data release and retrieval services until its 2021 merger with Datavant. Prior to integration, it managed record management for over 2,000 hospitals and supported clinical research with electronic health information exchange. The combined Datavant entity now processes billions of de-identified records annually from U.S. providers.
Founded
1976
HQ
Website
Status
Acquired
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$7B (acquired Jun 2021)
Ciox Health Acquisition
Ciox Health was acquired by Datavant for $7B on 9 June 2021.
Before the acquisition Ciox Health had raised $30M across 2 funding rounds.
| Acquirer | Date | Type | Price |
|---|---|---|---|
| 9 Jun 2021 | Strategic M&A | $7B |
Ciox Health Funding History
Ciox Health has raised a total of $30M across 2 funding rounds.
Ciox Health's first fundraising round was a $30M undisclosed-stage round in July 2019. The most recent completed round was a undisclosed-stage round in September 2026.
Ciox Health funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Sep 2026 | Undisclosed stage | KKR; New Mountain Capital; Neuberger Berman Capital Solutions | - | Neuberger Capital Solutions, along with Neuberger Private Markets and investment funds and accounts managed by KKR, agreed on September 15, 2026 to acquire a significant minority stake in Datavant, a healthcare data collaboration platform, in a transaction alongside New Mountain Capital, which will retain its control position in the company. The deal is structured as a minority investment rather than a change-of-control acquisition, with closing expected in the fourth quarter of 2026. The investment is intended to provide fresh capital while supporting Datavant’s continued expansion under New Mountain Capital’s control. Datavant operates a healthcare data collaboration platform and is positioned as a major U.S. health data network; the announcement identifies New Mountain as an investor since 2014 and indicates that the transaction adds Neuberger and KKR as new financial partners rather than replacing the existing sponsor. Datavant is a healthcare data collaboration company backed by New Mountain Capital since 2014, with the September 2026 transaction bringing in additional minority capital from Neuberger and KKR while preserving New Mountain’s control. The deal was announced in connection with Datavant’s platform business and was described as a significant minority stake investment, not a merger, buyout, or SPAC transaction. |
| Jul 2019 | Undisclosed stage | Merck Global Health Innovation Fund (lead); New Mountain Capital (lead); HarbourVest Partners | $30M | - |
Who has invested in Ciox Health?
5 investors have backed Ciox Health across its funding rounds, including New Mountain Capital, KKR, Merck Global Health Innovation Fund, HarbourVest Partners and Neuberger Berman Capital Solutions.
Lead investors include Merck Global Health Innovation Fund and New Mountain Capital.
Ciox Health Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 2 | Lead | Jul 2019 | ||
| 1 | Participant | Sep 2026 | ||
| 1 | Lead | Jul 2019 | ||
This data is available for Pro users. Sign up to see all 5 Ciox Health investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by Ciox Health
Ciox Health has acquired 2 companies to date.
Last acquisition by Ciox Health was on July 28th 2020. Ciox Health acquired Medal for undisclosed valuation.
Latest Acquisitions by Ciox Health
| Description | Medal is a San Francisco-headquartered platform that processes medical documents using AI to extract structured data for clinical review, referrals, billing, and audits. Launched in 2020, it integrates with EHR systems like Epic and Cerner, enabling secure sharing of translated records across 100 languages. The service handles imaging, labs, and notes from over 500 hospitals, accelerating coordination for telemedicine providers and insurers. | - |
| HQ Country | ||
| HQ City | San Francisco, CA | - |
| Deal Date | 28 Jul 2020 | 18 Apr 2017 |
| Valuation | undisclosed | $130M |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Ciox Health acquisitions and their M&A valuation multiples. Start Free Trial | ||
Ciox Health Competitors
Ciox Health competitors include listed companies like M3 Inc. and Glaukos, and private ones like Commure, Doctolib, Benchling and Cityblock Health.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | $200M | - | $7B | 35.0x | ||
| Private | $400M | - | $6.4B | 16.0x | ||
| Publicly listed | $2.3B | $473M | $7.7B | 3.0x | ||
| Private | $210M | - | $6.1B | 29.0x | ||
| Private | - | - | $5.7B | - | ||
| Publicly listed | $507M | ($157M) | $9.5B | 14.6x |
Ciox Health Public Comps
Ciox Health is no longer listed, but its public comps include M3 Inc., Waystar, Doximity, Glaukos, CCC Intelligent Solutions, Privia Health, Tieto, Schrödinger, Qingdao Baheal Medical and United Imaging.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $2.3B | $473M | 3.1x | 3.0x | 14.8x | 11.6x | |||
| $1.1B | $390M | 5.8x | 5.2x | 16.3x | 12.3x | |||
| $645M | $229M | 6.3x | 6.2x | 17.7x | 11.9x | |||
| $507M | ($157M) | 18.4x | 14.6x | (59.6x) | 166.3x | |||
| $1.1B | $238M | 4.8x | 4.5x | 21.5x | 10.8x | |||
| $2.1B | $44M | 1.0x | 0.9x | 50.2x | 15.3x | |||
| $2.1B | $186M | 1.3x | 1.4x | 15.2x | 7.9x | |||
| $256M | ($96M) | 7.6x | 7.9x | (20.3x) | (14.0x) | |||
This data is available for Pro users. Sign up to see all Ciox Health competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Ciox Health
| When was Ciox Health founded? | Ciox Health was founded in 1976. |
| Where is Ciox Health headquartered? | Ciox Health is headquartered in Alpharetta, GA, United States. |
| Is Ciox Health publicly listed? | No, Ciox Health was acquired by Datavant in June 2021. |
| Who acquired Ciox Health? | Ciox Health was acquired by Datavant in June 2021. |
| How much was Ciox Health acquired for? | Ciox Health was acquired for $7B in June 2021. |
| How much funding has Ciox Health raised? | Ciox Health has raised $30M across 2 funding rounds. |
| What was Ciox Health's last funding round? | Ciox Health's last funding round was a undisclosed-stage round in September 2026. |
| Who are Ciox Health's investors? | Ciox Health's investors include New Mountain Capital, KKR, Merck Global Health Innovation Fund, Neuberger Berman Capital Solutions and HarbourVest Partners. |
| Which companies are comparable to Ciox Health? | Companies comparable to Ciox Health include Commure, Doctolib, M3 Inc., Benchling, Cityblock Health and Glaukos. |
| How many companies has Ciox Health acquired? | Ciox Health has acquired 2 companies, including Medal and ArroHealth. |
| What was the largest acquisition by Ciox Health? | The $130M acquisition of ArroHealth in April 2017 is the largest acquisition Ciox Health has made to date. |
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