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Business Wire
2 days ago
- Business
- Business Wire
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 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
Associated Press
20-05-2025
- Business
- Associated Press
amaise To Enter U.S. Market, Appoints Klauser To Run North America Market
Former Industry CEO, Darren Klauser, Joins amaise, the Agentic AI Solution for Bodily Injury Insurance Claims DALLAS, TX, UNITED STATES, May 20, 2025 / / -- Building on the platform's proven success in AI based injury claims resolution, amaise announced, today, that it is entering the U.S. insurance claims tech market. In addition, the company announced publicly that Darren Klauser has joined to lead amaise in the U.S. and Canada. amaise is an agentic AI platform purpose-built for bodily injury claims that helps insurance adjusters accurately resolve claims in a fraction of the time. By empowering adjusters with actionable, evidence‑based recommendations within minutes, amaise helps carriers close claims faster and fairer—before claims escalate to litigation and balloon in cost. 'The Board and I are very excited to welcome Darren to amaise. Darren has an impressive track record of developing and growing market leading technology businesses that service the insurance sector, and those experiences will serve amaise well as the company moves into its next phase of growth' says Achim Kohli, CEO of amaise. As the former CEO of Ontellus and General Manager of the Americas Insurance Division of DXC Technology, a Fortune 500 (NYSE: DXC) end-to-end IT services company, Darren is well equipped to take amaise into the next era of automation and data intelligence in the insurance industry. 'amaise has solved a problem for one of industry's biggest pain points in bodily injury which is one of the most complex and underserved areas in claims.,' says Darren Klauser. 'amaise, has built an agentic AI platform that turns unstructured, medical-heavy claims into clear, actionable intelligence—fully chat interactive and with full compliance. It is a strong for U.S. insurers searching for solutions to expedite claims handling.' 'Entry into the U.S. marks a milestone in the history of our company,' said Achim Kohli, 'amaise looks to build off of the momentum it has created in Europe with many successful insurance carriers utilizing the solution and more than 12 million medical records ingested.' Industry data suggests that U.S. insurers are taking 2x longer and are paying 6x higher severity costs for Commercial auto bodily injury claims when an attorney is involved vs comparable claims. If the claim gets litigated, it's 4x longer and 12x higher. Insurers are looking to reduce claims settlement close times swiftly and fairly to help avoid continued increasing litigation rates and the rising nuclear verdicts. Additionally, insurers are struggling to properly provide adequate disclosure notice of large loss claims. amaise looks to build off of the momentum it has created in Europe with more many successful insurance carriers utilizing the solution and more than 12 million medical records ingested. The news comes on the heels of a recent announcement of the amaise partnership with Guidewire's Insurtech Vanguards program for technology providers that are bringing novel solutions to the P&C industry. About amaise amaise is an AI-powered platform that analyzes bodily injury insurance claims and life insurance underwriting with precision and empowers your experts to act fast and accurately. With amaise's agenticAI Platform, insurance carriers, TPAs, IMEs, and law firms are revolutionizing how they manage bodily injury claims and underwriting processes. Whether it's motor liability, workers' compensation, life underwriting, or medical malpractice claims, amaise delivers actionable intelligence that drives measurable results. amaise [email protected] Darren Klauser amaise +1 817-296-5958 email us here Visit us on social media: LinkedIn Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
