Key Highlights
- Inovalon acquires VigiLanz, enhancing its cloud-based software solutions for data-driven healthcare.
- The acquisition expands Inovalon’s provider and life sciences solution portfolios and increases clinical data connectivity.
- Broadens customer base and significantly grows the addressable market by over $340 million in provider market and $5.7 billion in life sciences.
Source: Business Wire
Notable Quotes
- “It is truly exciting to be joining with an organization that is as focused as we are on bringing to bear the power of data for the improvement of healthcare.” – Dr. David Goldsteen, Founder and CEO at VigiLanz
- “VigiLanz has created an impressively high-quality organization… We are excited to bring together VigiLanz’s…software offering with Inovalon’s broad data resources…” – Keith Dunleavy, M.D., Founder and CEO at Inovalon
SoH's Take
The acquisition of VigiLanz by Inovalon marks a significant stride in the advancement of data-driven healthcare solutions. By integrating VigiLanz’s leading clinical surveillance and patient safety software with Inovalon’s vast data resources and analytical tools, the partnership is poised to deliver enhanced clinical outcomes and economic benefits across the healthcare ecosystem. This move not only strengthens Inovalon’s position in the market but also demonstrates a shared commitment to leveraging data for the betterment of patient care and safety. The synergy between these two organizations promises to drive innovation and improve the quality of healthcare delivery, underscoring the growing importance of data in addressing the complexities of today’s healthcare challenges.
