Datavant, the data collaboration platform trusted for healthcare, New Mountain Capital, Neuberger, and KKR today announced that funds managed by Neuberger Capital Solutions, along with Neuberger Private Markets (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.

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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 https://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.

About KKR

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.

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Media Contacts:

For Datavant:

Lynn Shepherd

lynn.shepherd@datavant.com

For New Mountain Capital:

H/Advisors – U.S.

Dana Gorman

dana.gorman@h-advisors.global

For Neuberger:

Avery Reed

externalcomms@nb.com

For KKR:

Julia Kosygina

media@kkr.com