Pharma BD Deal Intelligence

3M Company / M*Modal

2019 · Acquisition/Merger · $1.0B · Complete

Announcement Sentiment

Strongly positive

3M agreed to acquire M*Modal's technology business for $1.0 billion in enterprise value to strengthen 3M Health Information Systems with AI-powered clinical documentation. Closed in Q2 2019.

Did it work? Outcome assessment

Strategic verdict

Achieved Stated Rationale

Pipeline outcome

Assets Advanced

Assessment window: 5yr post-close.

Key facts

Announced Feb 25, 2019
Closed Apr 30, 2019
Deal value $1.0B
Deal type Acquisition/Merger
Therapeutic area Health information systems
Indications Health information systems
Key assets AI-powered clinical documentation technology
Mechanism NLP-based clinical documentation

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