3M to Retain, Invest in Its Health Information Systems Business

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