Mergers & Acquisitions

Ontellus Acquired by Datavant

6641 Ontellus NT

M&A Engagement Overview

Industry Groups: Business Services, Healthcare & Life Sciences, Technology
Areas of Focus: Healthcare IT, Insurance Claims, Legal Services, Professional Services

Harris Williams advised Ontellus, a portfolio company of Aquiline Capital Partners and The CapStreet Group, on their sale to Datavant, a portfolio company of New Mountain Capital. Ontellus is a leading health data record retrieval and claims intelligence platform. The company facilitates the exchange of medical, billing, and imaging records from record custodians to insurance carriers and law firms during claims investigations and litigation discovery.

This transaction underscores investors’ strong continued interest in businesses that help clients more simply and efficiently navigate non-uniform, time-consuming, and expensive workflows by leveraging purpose-built technology and automation.

Ontellus is leading the digitization of the record retrieval industry for legal and insurance requestors. The company provides a simpler, faster, and more secure digital channel to retrieve records, helping both custodians and requestors easily navigate the disjointed and complex record retrieval process that is critical to resolving claims and litigation.

The combination of Ontellus and Datavant will deliver an integrated, digital-first platform that connects those with health records to those who need them.

The new organization will drive significant time savings for healthcare providers to focus on patient care and help transform requestors’ experience from a largely manual process to a more efficient and secure digital process.

Contact the Harris Williams Business Services Group and Healthcare & Life Sciences Group to learn more about this client engagement.