HealthVerity completes acquisition of Symphony Health, marking a new era for the healthcare data industry
The combined company will join clinical data, commercial analytics and unmatched services into a unified, AI-ready environment to give life sciences organizations a comprehensive, connected view of the patient to move faster from insight to action.
Philadelphia, PA, — HealthVerity, the leader in privacy-protected real-world data exchange and patient identity solutions, today announced the successful completion of its previously announced agreement to acquire Symphony Health Solutions Corporation, a commercial healthcare data business formerly part of ICON plc (NASDAQ: ICLR).
The transaction will define the next era of healthcare real-world data by bringing together HealthVerity’s clinical data depth and experience with Symphony Health’s commercial insights and scale into a single, connected view of patients and providers – backed by 40 years of combined experience.
Healthcare data has long been fragmented with separate sources providing different commercial and clinical data, analytics and technical capabilities, each requiring its own contract, integration and reconciliation. Organizations operating across life sciences, government, payers and analytics have been forced to stitch together disconnected datasets, often working from an incomplete and inconsistent view of the patient and provider.
HealthVerity’s acquisition of Symphony Health is designed to solve that problem at its core.
“With the Symphony Health acquisition, our focus turns to executing with speed and discipline as we usher in an era of unprecedented access to patient-centric data with the depth and breadth capable of driving the next generation of insights and analytics,” said Andrew Kress, Chief Executive Officer of HealthVerity. “Now the real work begins to help drive our clients to a higher level of success.”
The combined offerings will deliver the industry’s most comprehensive and scalable healthcare data solutions, eliminating the tradeoffs between data coverage, depth and usability that have historically limited the market. With deeper insights and more flexibility than legacy or single-source approaches, customers can reduce complexity and accelerate healthcare innovation and breakthroughs.
Evercore served as financial advisor and Blank Rome LLP served as legal advisor to HealthVerity.
About HealthVerity
HealthVerity is the leader in privacy-protected real-world data exchange, transforming how healthcare and life sciences organizations connect and analyze disparate patient data. By enabling access to the industry’s largest RWD ecosystem, HealthVerity supports critical applications in clinical development, commercial strategy, regulatory decision-making and public health.
MEDIA CONTACT
Andrew Goldberg
COO, HealthVerity
info@healthverity.com
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