Datavant has acquired UK-based privacy consultancy Trace Data to enhance its data governance and compliance capabilities in the healthcare sector.

Target Information

Datavant has recently announced its acquisition of Trace Data, a UK-based consultancy specializing in privacy solutions for organizations handling sensitive data. Trace Data assists clients in navigating complex regulatory requirements such as the General Data Protection Regulation (GDPR), thereby helping them secure their data while maintaining compliance. This strategic acquisition is intended to bolster Datavant's capabilities in offering robust privacy solutions that facilitate legal adherence within the healthcare data landscape.

The integration of Trace Data's services with Datavant's existing offerings aims to establish an effective framework for health data exchange in the context of rigorous European regulations. By fostering collaboration between their technologies and expertise, both companies aspire to enhance data liquidity without compromising patient privacy or security.

Industry Overview

The healthcare data sector in Europe is increasingly faced with challenges related to data accessibility and regulatory compliance. Organizations struggle to derive actionable insights from disparate patient d