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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.

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