The electronic health record has ushered in a golden era of precision medicine. It’s also created a gold rush into a burgeoning third-party data market.
On Wednesday, real-world health data company Datavant and electronic health record IT firm Ciox Health announced they would merge under the Datavant name, forming a firm valued at $7 billion. The enlarged Datavant will create a network of more than 2,000 hospitals and 15,000 clinics.
It’s just the latest in a string of mergers and company launches that aim to unite masses of health data from across the country. In February, 14 U.S. health systems came together to form Truveta, a company to enable the aggregation and sale of de-identified data from their millions of patients. And last month, several leading EHR data aggregators came together to form an industry coalition, with the aim of influencing the use of real-world data in regulatory decisions.
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