3M’s $1 Billion Acquisition of M*Modal’s Technology Business
December 19, 2018
Cleary Gottlieb is representing 3M, which has entered into a definitive agreement to acquire the technology business of M*Modal for a total enterprise value of $1 billion.
M*Modal is a leading health care technology provider of cloud-based, conversational artificial intelligence (AI)-powered systems that help physicians efficiently capture and improve the patient narrative so they can spend more time with their patients and provide higher quality of care.
3M Health Information Systems (HIS) works with more than 8,000 health care organizations worldwide, both providers and payers, to deliver software and services across the continuum of care. 3M HIS offerings – which include the 3MTM 360 EncompassTM software platform – combine clinical documentation systems and risk assessment methodologies to help accurately capture, analyze, and advance patient information.
For more information, please see the press release by clicking here.