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3M Completes Acquisition of Treo Solutions

Tuesday, April 1, 2014 10:36 am CDT

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ST. PAUL, Minn.

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NYSE:
MMM
"The acquisition of Treo is a significant step for 3M in developing coding and analytics solutions enabling our clients to deliver healthier outcomes at lower costs"

ST. PAUL, Minn.--(BUSINESS WIRE)--3M announced today that it has completed its acquisition of Treo Solutions, a leading provider of data analytics and business intelligence to healthcare payers and providers. Treo Solutions is now a wholly owned subsidiary of 3M and a part of 3M Health Information Systems.

Treo, which delivers analytics on data from more than 60 health plans, is an industry leader in using data analytics to redesign payment structures and transition payer and provider clients to value-based care models.

“The acquisition of Treo is a significant step for 3M in developing coding and analytics solutions enabling our clients to deliver healthier outcomes at lower costs,” said Jon T. Lindekugel, president, 3M Health Information Systems. “By combining Treo’s expert analytic tools and services with 3M’s deep expertise in patient classification, we can help clients benchmark performance, manage population health, and achieve a more complete picture of the patient across the continuum of care.”

Treo employs approximately 180 people and is headquartered in Troy, N.Y., with offices in Denver, Colo. and Overland Park, Kan.

About 3M Health Information Systems
3M Health Information Systems, a business of 3M Health Care, delivers intelligent software and consulting services that are used by hospitals and health systems, commercial payers, and federal and state agencies to compile, classify, and analyze health information. 3M solutions for computer-assisted coding, clinical documentation improvement, data interoperability, performance monitoring and quality outcomes reporting help organizations achieve better clinical and financial performance.

About 3M
3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $31 billion in sales, 3M employs 89,000 people worldwide and has operations in more than 70 countries. For more information, visit www.3M.com or follow @3MNews on Twitter.

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3M
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Donna Fleming Runyon, 651-736-7646
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Bruce Jermeland, 651-733-1807
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Matt Ginter, 651-733-8206