Datavant to acquire SmarterDx following debt recapitalization

Datavant plans to acquire SmarterDx, a revenue cycle management software vendor, following Datavant's planned debt recapitalization of about $2.5 billion, according to sources. SmarterDx analyzes clinical procedures and medical records to ensure accurate healthcare reimbursement. The company generated about $150 million in revenue, up from $50 million when owner New Mountain Capital acquired it last year. SmarterDx was previously merged with Access Healthcare and Thoughtful AI in 2025 to form Smarter Technologies.