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Home » 3M to Retain, Invest in Its Health Information Systems Business
3M to Retain, Invest in Its Health Information Systems Business
February 5, 2016
3M has decided to retain and invest in its health information systems business after a review of strategic alternatives, including spinning-off or selling the business.
Retaining the business and investing more in it as a part of 3M provides the best opportunity for 3M Health Information Systems to derive greater long-term value, says 3M chief executive officer Inge Thulin.
The unit is rapidly growing. Sales increased 11 percent in 2015 to $760 million, and the business has delivered more than 10 percent compounded annual growth over the past decade.
The unit’s portfolio focuses on computer-assisted coding, clinical documentation improvement, performance monitoring and quality outcomes reporting. — Jonathon Shacat
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