Datavant to Acquire Ontellus to Transform Medical Record Retrieval with Tech-Enabled Health Records Retrieval and Claims Intelligence Solutions
NEW YORK--(BUSINESS WIRE)-- Datavant, a leading health data platform company, today announced that it has signed an agreement to acquire Ontellus, a leading provider of health records retrieval and claims intelligence from Aquiline, a private investment firm specializing in financial services and technology and Capstreet, a Houston-based lower middle market private equity firm. With this acquisition, Ontellus will join Datavant to deliver an integrated, digital-first platform that connects those with health records to those who need them easily, quickly and securely.
In addition to driving value to 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.
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—vital for life insurance underwriting, injury claims, and legal case work. Today, the record retrieval process remains highly fragmented, with inconsistent workflows, procedures, and data formats across thousands of organizations. By joining forces, Datavant and Ontellus reaffirm their shared commitment to simplify this complexity and improve access to records to ensure that confidential health records are digitized in a secure and timely manner to authorized parties.
'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,' said Datavant CEO Kyle Armbrester. '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.'
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,' said Vince Cole, CEO of Ontellus.
Houlihan Lokey served as buyside financial advisor to Datavant, assisting in evaluating and negotiating the acquisition. Harris Williams is the sell-side advisor to Ontellus, representing the company in its pending sale to Datavant.
About Datavant
Datavant is a health data platform company. We make the world's health data secure, accessible, and actionable. Datavant drives data connectivity into action by offering a proprietary platform and network that deliver critical solutions across the healthcare ecosystem. Datavant enables more than 60 million healthcare records to move between thousands of organizations, more than 80,000 hospitals and clinics, 75% of the 100 largest health systems, and an ecosystem of 300+ real-world data partners. To learn more about Datavant, visit datavant.com and follow us on LinkedIn.
About Ontellus
Ontellus empowers insurance carriers, self-insured corporations and law firms to reduce costs, make informed decisions and accelerate claims resolution. As one of the nation's largest, privately held data retrieval and claims intelligence providers, Ontellus leverages decades of experience and cutting-edge technology to deliver impactful products and client-centric services with industry-leading turnaround times. For more information, visit www.ontellus.com.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
31 minutes ago
- Yahoo
Here is Why Sable Offshore (SOC) Fell This Week
The share price of Sable Offshore Corp. (NYSE:SOC) fell by 4.66% between June 3 and June 10, 2025, putting it among the Energy Stocks that Lost the Most This Week. Let's shed some light on the development. Copyright: 1971yes / 123RF Stock Photo Sable Offshore Corp. (NYSE:SOC) is a Houston-based independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California. Sable Offshore Corp. (NYSE:SOC) continues to sink after Santa Barbara County Superior Court Judge Donna Geck ordered the company to halt restart efforts on the operation's onshore pipeline system while a related lawsuit is being resolved. The restraining order will remain in effect through at least mid-July and could even be extended. As a result, Sable has now pushed back their restart timeline from the beginning of July to August 1, 2025. Sable Offshore Corp. (NYSE:SOC) posted significant gains in May after the company announced that it had restarted oil production at the previously dormant Santa Ynez Unit. However, the stock has now sunk by more than 30% over the last two weeks following the interventions by the court and the California Coastal Commission. While we acknowledge the potential of SOC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Cheap Energy Stocks to Buy Now and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
35 minutes ago
- Yahoo
What a pastor's fight over financial transparency in SBC achieved despite his latest loss
DALLAS — South Carolina pastor Rhett Burns set out to change how the Southern Baptist Convention thinks about financial transparency, and the denomination's top policymaking body defeated many of his hopes. But Burns' advocacy didn't fall on deaf ears, as his congregation at First Baptist Church (FBC) Travelers Rest can attest to. 'It's God's money and we want to have an open hand and be up front with everybody,' Ron Tweedy, a deacon at FBC Travelers Rest, said in an interview. 'And at the end of the day, I just have the same expectation for our denomination as I do for our church.' Tweedy was one of five parishioners to accompany their pastor to Dallas this week as delegates, called messengers, on behalf of FBC Travelers Rest, a congregation of no more than 100. The FBC Travelers Rest delegation cheered on their pastor at the SBC annual meeting as Burns called for stronger requirements for SBC-affiliated agencies to publicly disclose more details about spending, including the salaries of top executives. Burns advocated for the same basic SBC policy changes at the 2023 and 2024 SBC annual meetings, and this year he yet again he faced resistance. Almost none of the legislative proposals that Burns and his allies pushed for moved forward in any meaningful way, and a June 11 floor debate highlighted the differing views among Southern Baptists about how to strengthen financial accountability. Though divided, messengers at the Dallas meeting displayed a greater interest in the denomination's financial health and how to best monitor that health going forward. These differing sentiments emerged when Burns brought a proposed measure that dealt with reporting requirements about executive pay. Burns argues that requiring SBC-affiliated agencies, called entities, to publish detailed financial information like executive pay helps promote trust between those entities and everyday Southern Baptists. The Nashville-based denomination's collective budget, called the Cooperative Program, receives income from church giving and supports 10 major entities. 'I wish we could get back to a point where we trust one another more,' Burns said in an interview. Burns believes having the right guardrails in place instills more confidence in Southern Baptists that entities are responsibly spending that income received from church giving. But a legislative debate dealing with one of Burns' proposals faced fierce opposition from other messengers. 'Is there anything significant to be gained by simply knowing how much money certain people make?" John Piwetz, pastor of Crossroads Baptist Church in Elizabethtown, Kentucky, said during a June 11 debate on the floor of the convention. "It would inevitably generate disagreements, envy and division.' 'I've learned that what matters more than transparency is integrity," Piwetz said. "Publishing salaries is not a solution, it only causes more issues.' Piwetz was speaking against a proposal from Burns to amend a new SBC Business and Financial Plan. The SBC Executive Committee, which is the denomination's administrative arm, put forward a new Business and Financial Plan this year for messengers to adopt. Executive Committee staff said this new version is a step toward greater transparency. But Burns saw the plan as a farce, and he tried to amend it. 'They did it in such a way to try to … take the bullet out of the chamber of those who are pushing for more transparency," Burns said in an interview prior to the June 11 floor debate. Ultimately, messengers strongly rejected Burns' proposed change and adopted the new Business and Financial Plan as presented by the Executive Committee. "I'm disappointed, but this isn't the end of the world," Burns said. "What I'm excited about is going back to Travelers Rest. … We have a lot of work to do at our church." Burns' motivation for his advocacy across the SBC started with his experience at his small-town church. Burns became the pastor at FBC Travelers Rest in 2023 after a ministry career that included seven years serving as a missionary in central Asia. But he long knew of FBC Travelers Rest from his grandparents, who had been longtime members there. There are two members at FBC Travelers Rest who have been there for 70 years, since their baptisms in May 1955. Other members are descendants of the forbearers who founded the church in 1913. 'They have been faithfully giving to this church and faithfully giving to the Cooperative Program,' Burns said. 'There's a gravity there for responsibility with our money. As pastor, I feel a sense of responsibility.' Since Burns' appointment and the addition at around the same time of members like Tweedy, the congregation has been more engaged with SBC news and governance concerns. For this year's convention in Dallas and last year's in Indianapolis, FBC Travelers Rest has sent more messengers than it typically has. Meanwhile, the same virtues have guided the congregation to re-examine its own financial practices. 'Some of the newer members were thinking, 'Hey, we need to be better stewards of what we're actually giving to the Cooperative Program, and making sure that money is being used properly,'' Tweedy said. The church formed a study group to review potential changes to the church's giving to national Southern Baptist ministries. That study group gave a report in April, and the congregation waited to make any final decisions until Burns and Tweedy report back from Dallas. Historically, 10% of FBC Travelers Rest's budget has gone toward the Cooperative Program, which in 2024 totaled $11,508. Now, the church is considering separating out that 10% share and selectively giving to some SBC entities and withholding from others. This model of targeted giving to certain entities is gaining popularity, and recent policy changes at the state level are allowing more churches to do that. There has been growing distrust toward certain entities in the wake of different controversies, causing churches to carefully consider whether their giving is consistent with their values. One example is that more churches are withholding giving to the SBC Executive Committee due to legal fees the committee is paying for abuse-related court battles. 'We're living in this moment where authority is being decentralized in some ways,' Burns said. 'The gatekeepers aren't gatekeeping in the same ways.' Related: What Southern Baptist budget debate says about denomination's precarious funding Elements of these deliberations in Dallas echo those of the 2019 and 2021 SBC annual meetings following a recommendation for financial accountability introduced by Morris Chapman, former chief executive for the SBC Executive Committee. 'It is our desire that we who are administrators and executives … be just as trustworthy and as honest as those serving in the field giving a report to us,' Chapman said at the 2019 meeting in Birmingham, Alabama. 'This year, the light has shined on our cooperative work in ways that revealed our need for reform.' Two years later, the SBC Executive Committee proposed changes to the Business and Financial Plan but faced fierce opposition, including from prominent Southern Baptists who today are top executives at SBC entities. Many were concerned that the proposal gave the SBC Executive Committee too much authority over other entities and their compliance with financial guidelines. The merit of that proposal aside, the fundamental concerns behind it are more prescient than ever. Cooperative Program giving has decreased by 6%, or $12.9 million, since the 2021-22 fiscal year, and many entities have reduced staffing totals since then. Also, the SBC Executive Committee, North American Mission Board, and Southwestern Baptist Theological Seminary have faced scrutiny for separation agreements between those entities and former executives who resigned, some in scandal. Southern Baptists have often wondered in those cases how much severance the entities paid those ousted executives. Amid this turmoil, Burns' congregation at FBC Travelers Rest has responded differently. Tweedy said some of his fellow parishioners think it's simplest for the church to leave the SBC altogether. Though sympathetic to that unease, Tweedy and Burns support a more balanced strategy. For example, the church can potentially change its giving practices to the national convention without jeopardizing its ability to send messengers to the SBC annual meetings and to continue to advocate for policy changes. To Tweedy, the best way to honor the church's legacy of financial support for the SBC is not to give up. 'Our folks have been giving faithfully for decades,' Tweedy said, 'and it would be irresponsible of us just to take our ball and go home.' Liam Adams covers religion for The Tennessean, part of the USA TODAY Network. Reach him at ladams@ or on social media @liamsadams. This article originally appeared on Nashville Tennessean: Southern Baptist Convention: Pastor fights for financial accountability
Yahoo
an hour ago
- Yahoo
SBI VEN CAPITAL INVESTS €1 MILLION IN COLOSSUS DIGITAL'S BRIDGE ROUND
ROME, June 13, 2025 /PRNewswire/ --The investment was made through SBI Ven Capital's joint fund with Sygnum Bank and Azimut Group, which aims to accelerate the rollout of Colossus Digital's Institutional Hub, a two-sided B2B marketplace, that connects regulated custodians with top-tier validators for staking and governance. Strategic highlights Investment Amount: €1,000,000 (Seed Investment) Lead Investor: SBI Ven Capital, through its joint fund with Sygnum Bank and Azimut Recipient: Colossus Digital Purpose: Scale Institutional Hub, enhance custody-to-staking workflows, expand global client base Institutional adoption fuels the deal 86 % of institutional investors already have—or plan to gain—digital-asset exposure in 2025, underscoring growing demand for secure custody and staking rails. Staking-as-a-service platforms are forecast to surge as institutions seek compliant, yield-generating strategies. Quotes Eiichiro So, CEO & Managing Director, SBI Ven Capital: "Colossus Digital has built the missing bridge between regulated custodians and the Yield Providers. Our €1 million commitment is a vote of confidence in their Institutional Hub and in the broader institutionalisation of digital assets."Lorenzo Barbantini Scanni, Co-Founder & Chief Revenue Officer, Colossus Digital: "SBI's backing accelerates our mission to make staking, governance, and interaction with Yield Providers as seamless as a custody transaction. Together we will deliver the tooling banks, asset managers, and exchanges need to capture on-chain yield, without compromising compliance." About Colossus Digital Headquartered in Rome, Italy, Colossus created the Institutional Hub, the only B2B marketplace enabling Digital Asset Holders to access staking, governance, and DeFi protocols natively from custody. The Hub enables native transactions in a safe, compliant and verifiable way across 25+ chains and multiple validators. Users can visit for more details. About SBI Ven Capital SBI Ven Capital, the Singapore subsidiary of Japanese financial services conglomerate SBI Group, through its joint fund with Sygnum and Azimut Group brings together the collective digital assets experience and network of the three founding partners to accelerate the growth of promising digital asset companies. The joint fund is an early-stage fund that aims to back best-in-class digital asset companies across Southeast Asia, Hong Kong, Taiwan, Australia and Europe. Users can visit for more details. Forward-looking statements This release may contain forward-looking statements. Actual results could differ materially due to market conditions, regulatory changes, and other risk factors. Key takeaway SBI Ven Capital's €1 million seed investment positions Rome-based Colossus Digital to become the institutional standard for custody-native staking, riding a wave of record institutional crypto adoption. Contact:Head of Marketing & CommunicationIlaria PelosiColossus Digitalilaria@ Photo: View original content to download multimedia: SOURCE SBI Ven Capital
