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New Deal


Announced

Completed

3M completed the acquisition of M*Modal's technology business for $1bn.

Financials

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Transaction Value£791m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

health care technology

Disposal

Private

Software

Single Bidder

Acquisition

Completed

Majority

Friendly

Synopsis

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3M completed the acquiisiton of the technology business of M*Modal, for a total enterprise value of $1bn. M*Modal is a leading healthcare technology provider of cloud-based, conversational Artificial Intelligence-powered systems that help physicians efficiently capture and improve the patient narrative. “This acquisition builds on our strategic commitment to invest in our Health Information Systems business and expands the capabilities of our revenue cycle management and population health priority growth platform. Together, we will enable doctors to improve the patient experience, while enhancing documentation accuracy and operational efficiency for both providers and payers.” Mike Vale, 3M Executive Vice President.

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