Neuberger and KKR to invest in Datavant alongside New Mountain Capital. Publish Date September 15, 2026 NEW YORK, New York - September 15, 2026 - Datavant, the data collaboration platform trusted for healthcare, New Mountain Capital, Neuberger, and KKR today announced that funds managed by Neuberger Private Markets, along with Neuberger Capital Solutions (collectively, "Neuberger"), and investment funds and accounts managed by KKR have agreed to acquire a significant minority stake in Datavant (the "Company"). New Mountain Capital ("New Mountain"), which has been an investor in Datavant since 2014, will retain its control position in the Company. Datavant is the nation's largest health data ecosystem, enabling patients, providers, payers, health data analytics companies, patient-facing applications, government agencies, and life science companies to securely exchange and organize their patient-level data for use cases ranging from clinical care and value-based payments to health analytics and medical research. Today, the Company's ecosystem reaches 80,000+ providers, 75 of the top 100 health systems, and 350+ ecosystem partners, with Datavant's healthcare data touching 90% of the U.S. population and 80% of Medicare Advantage plan participants. Neuberger and KKR will support Datavant's strategic vision and growth alongside New Mountain and existing shareholders. The strategic partnership reflects a shared commitment to Datavant's mission to make the world's health data secure, accessible and actionable. "From our work on both the supply and demand side of health data, we see the pressure points and opportunities to make it easier to move, protect, and use health data across a complex and evolving environment," said Kyle Armbrester, CEO of Datavant. "We were deliberate in choosing the best strategic partners for our business, who align with our mission and believe strongly in our long-term vision. With New Mountain, Neuberger, and KKR by our side, we're well equipped to deepen our impact across the healthcare ecosystem and accelerate into our next phase of growth." "Since our initial investment in 2014, Datavant has become the connective tissue for health data across the industry and is poised to lead the next era of connected data and clinical AI. We are excited to welcome Neuberger and KKR as strategic partners as we accelerate this next phase of growth," said Brian Murphy and Gandhi Bedi, Managing Directors at New Mountain. "Datavant is deeply embedded across providers, payers, and life sciences, with a scaled data network that would be difficult to replicate. Kyle and his team have earned the trust of the healthcare ecosystem through years of disciplined execution, turning that position into real efficiency and compliance gains for customers. We look forward to working with the Datavant team, New Mountain, and KKR to help write its next chapter," said David Lyon, Head of Neuberger Capital Solutions, and Nikhil Krishnan, Managing Director. "We have tremendous conviction in Datavant's differentiated model, strong market position, and the mission critical role that it plays within the healthcare industry," said Blaine MacDougald, Partner, Co-Head of KKR's Strategic Investments Group and James Paquette, Managing Director. "We believe it has the potential to scale even further, and we look forward to supporting the team with partnership capital that helps Datavant continue digitizing its platform and capturing attractive growth opportunities ahead." KKR is investing in Datavant primarily through funds and accounts managed by its Strategic Investments Group. The transaction is expected to close in the fourth quarter of 2026 and is subject to customary closing conditions. J.P. Morgan Securities LLC served as sole placement agent and lead financial advisor to Datavant, with Jefferies LLC and Wells Fargo also serving as financial advisors. Ropes & Gray served as legal advisor to Datavant and New Mountain. Latham & Watkins LLP served as legal advisor to Neuberger and KKR. About Datavant Datavant is the data collaboration platform trusted for healthcare. With a mission to make the world's health data secure, accessible, and actionable, Datavant works with payers, providers, life sciences, legal and insurance clients globally to accelerate insights. Datavant enables more than 60 million healthcare records to move between thousands of organizations across the healthcare ecosystem, more than 80,000 hospitals and clinics, 75% of the 100 largest health systems, and 350+ ecosystem partners. Datavant has office locations in Boston, Dallas, New York and San Diego, with international offices in Barcelona and Galway. To learn more about Datavant, visit www.datavant.com. About New Mountain Capital New Mountain Capital is a New York-based investment firm that emphasizes business building and growth, rather than excessive risk, as it pursues long-term capital appreciation. The firm currently manages private equity, strategic equity, credit, GP-led secondaries, and net lease real estate funds with approximately $60 billion in assets under management. New Mountain seeks out what it believes to be the highest quality growth leaders in carefully selected industry sectors and then works intensively with management to build the value of these companies. For more information, please visit www.newmountaincapital.com. About Neuberger Private Markets Neuberger Private Markets is a division of Neuberger and has been an active and successful private markets investor since 1987. Neuberger Private Markets invests across strategies, asset classes, and geographies for a large number of sophisticated and renowned institutions and individuals globally. As of March 31, 2026, Neuberger Private Markets manages over $165 billion of investor commitments across primaries, co-investments, secondaries, private credit, and specialty strategies. Neuberger Private Markets has an experienced and diverse team of over 500 professionals with a global presence in 11 countries globally. Neuberger Capital Solutions, a part of Neuberger Private Markets, provides bespoke capital solutions to private equity-owned companies, enabling sponsors and management teams to achieve long-term strategic objectives. Neuberger Capital Solutions currently manages ~$12 billion in AUM and has made investments in over 90 companies across its three funds. Over time, the global team has evolved to work in a cohesive and integrated manner across GP-centric strategies. For more information, please visit www.nbcapitalsolutions.com. KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR's insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR's investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR's website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group's website at www.globalatlantic.com.

Datavant's new platform could cut record retrieval time from days to hours. Datavant launched a new provider exchange platform, which replaces fax-based record requests with a digital workflow. It aims to give care teams real-time visibility into request status while easing the administrative burden on clinical staff. By Katie Adams on August 27, 2026 11:36 am Healthcare providers have more ways than ever to exchange health data, but getting medical records from another provider often still means relying on fax machines, emails, phone calls, and manual follow-ups. Datavant is trying to help fix this problem through a new platform designed to help providers request, track and receive records digitally. This provider exchange network, launched Thursday, is designed to give care teams better visibility into record retrieval workflows, as well as reduce the administrative work involved in coordinating care. The platform lets providers submit records requests directly through Datavant's existing network of connected providers, rather than needing to conduct manual outreach to hunt down documentation. presented by What if health plans could identify member decline before an avoidable hospitalization occurs? Real-time clinical visibility into long-stay SNF members uncovers risk earlier and drives better outcomes. Requests that once took a week or more to fulfill can now come back in under 24 hours, and in some cases within just an hour or two, said Andrea Kowalski, senior vice president of provider products at Datavant. "We already have the largest network of connected providers in the country," Kowalski stated, "so Provider Exchange really puts that same infrastructure to work for providers themselves, not just outside requesters." One early customer in the tissue and organ donation field - where clinicians typically have just a day or two to review a potential donor's medical history - is already using the platform to speed up that time-sensitive record retrieval, she added. To use the platform, providers need minimal training. Kowalski noted that early users have been able to get up and running in less than a week. presented by In an interview, Kyan Health Co-Founder and Chief Commercial Officer Konstantin Struck discussed how Kyan gives mid-market and enterprise employers access to premium workforce mental healthcare, at a price point that is affordable. Fax remains a surprisingly common method for healthcare record exchange. Kowalski recalled a recent conversation with a client advisory board member who was startled to learn their own organization was still sending about 25,000 requests a year by fax. She said Datavant's network has given the company a unique perspective into just how much of that volume could move online instead. In Kowalski's eyes, Datavant's new platform is complementary to existing health information exchanges such as TEFCA and Carequality. Its first phase runs on Datavant's own network of connected health systems, but the company plans to expand connectivity to additional third-party exchanges over time, she noted. Kowalski said the effort ultimately comes down to two connected goals: giving patients faster, more coordinated care and lifting some of the administrative burden off provider staff. "We're really trying to streamline that workflow and take it off of especially clinical staff so that they can focus on patient care," she remarked. Turnaround times will still vary depending on the system on the other end of a request, she added, but Datavant's broader aim is to push retrieval closer to real time across the board.

Datavant has launched Provider Exchange, a digital platform designed to streamline medical record retrieval for healthcare providers. The platform addresses inefficiencies in traditional paper and fax-based workflows that often delay patient care and burden staff. Built on Datavant's network of over 80,000 healthcare provider sites covering more than 40% of US healthcare organisations, Provider Exchange centralises retrieval workflows into a single, trackable system. The platform enables real-time visibility into request status and digital delivery of medical records. The solution supports continuity of care workflows, specialty referrals, and care coordination. It aims to reduce delays in time-sensitive situations, such as tissue donation and transplant coordination, where timely record access directly impacts clinical decision-making. Provider Exchange reflects Datavant's broader vision for connected healthcare, moving beyond interoperability infrastructure towards operationally usable workflows.