Datavant, the data collaboration platform used throughout the health care industry, announced Thursday that it has signed an agreement to acquire Israeli startup DigitalOwl, a pioneer in AI-driven medical data analysis. With this acquisition, Datavant says it will expand its capabilities to make health data accessible and actionable for the legal and insurance industries.
DigitalOwl uses advanced AI to interpret and transform medical records into a comprehensive and interactive digital underwriting abstract.
Datavant plans to integrate DigitalOwl’s proprietary technology with the health records retrieval and claims intelligence capabilities of Ontellus, which it acquired in June, to offer an end-to-end data collaboration platform. This secure platform will include managed retrieval, automated summaries, chronology and de-duplication, and AI-enabled predictive analytics. Datavant will leverage its expertise in the secure, compliant exchange of medical data to curate and deliver information to authorized users.
“Legal and insurance customers are looking to consolidate and simplify the process of finding, accessing and analyzing specific medical information from a vast amount of both structured and unstructured data sources,” said Kyle Armbrester, Datavant CEO. “DigitalOwl’s data extraction and summarization technology was built specifically for these use cases and, together with Ontellus’ and Datavant’s digital record exchange platform and extensive provider network reach, we will transform a market that is ripe for change.”
DigitalOwl’s proprietary data extraction and AI technology classifies and annotates unstructured medical data, streamlining the review process and providing teams with actionable insights. DigitalOwl’s technology is continuously refined by an in-house team of data scientists and industry professionals with experience in insurance and legal processes. This ensures that insights are contextualized and delivered in a format that supports real-world decision-making. Recently recognized as the 2025 Natural Language Generation Platform of the Year for Medical Record Reviews, DigitalOwl’s platform is at the forefront of innovation in this category.
“Manually reviewing medical records and extracting the necessary information for underwriting, cases and claims work is time-consuming and costly,” said Yuval Man, CEO of DigitalOwl. “At DigitalOwl, we’ve focused exclusively on applying advanced technology to automate manual processes and address pain points across the workflow. Joining forces with Datavant will enable us to accelerate our mission and deliver even greater value for our partners and customers.”
Datavant enables more than 60 million healthcare records to move between thousands of organizations across the health care ecosystem, more than 80,000 hospitals and clinics, 75% of the 100 largest health systems, and 350+ real-world data partners. Datavant has office locations in Boston, New York and San Diego, with international offices in Barcelona and Galway.