McKesson Corp. will acquire US Oncology, which offers a network of 1,300 affiliated physicians offering evidence-based treatment and access to clinical trials, as well as software applications, hematology services and a drug distribution center, for $2.16 billion. The transaction includes the assumption of US Oncology's outstanding debt.

Based in The Woodlands, Texas, US Oncology sells the iKnowMed oncology electronic health records system, as well as a Web portal to enable physician collaboration. The EHR tracks the use of treatment pathways and their effectiveness, and includes analytics to identify appropriate patients for specific clinical trials.

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