M&A Deal Summary

3M Acquires MModal - Technology Business

On December 19, 2018, 3M acquired information technology company MModal - Technology Business from MModal for 1.0B USD

Acquisition Highlights
  • This is 3M’s 5th transaction in the Information Technology sector.
  • This is 3M’s 7th largest (disclosed) transaction.
  • This is 3M’s 49th transaction in the United States.
  • This is 3M’s 2nd transaction in Pennsylvania.

M&A Deal Summary
Date 2018-12-19
Target MModal - Technology Business
Sector Information Technology
Buyer(s) 3M
Sellers(s) MModal
Deal Type Divestiture
Deal Value 1.0B USD

Target

MModal - Technology Business

Pittsburgh, Pennsylvania, United States
MModal, Inc. - Technology Business works with more than 8,000 healthcare organizations worldwide, both providers and payers, to deliver software and services across the continuum of care. The business is based in Pittsburgh, Pennsylvania.

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Buyer(S) 1

Buyer

3M

St Paul, Minnesota, United States
Category Company
Founded 1902
Sector Diversified
Employees92,000
Revenue 32.7B USD (2023)
DESCRIPTION
Entrance to 3M's corporate campus in St. Paul, Minnesota.
Entrance to 3M's corporate campus in St. Paul, Minnesota.

3M is a diversified manufacturing and technology company. The Company produces a variety of adhesives, abrasives, safety products, chemicals, and other goods for consumers and businesses. 3M was incorporated in 1902 and is based in St. Paul, Minnesota.

DEAL STATS #
Overall 79 of 81
Sector (Information Technology) 5 of 5
Type (Divestiture) 9 of 9
State (Pennsylvania) 2 of 2
Country (United States) 49 of 51
Year (2018) 1 of 1
Size (of disclosed) 7 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-02-06 3M - Noise Environmental and Heat Stress Monitoring Products

St Paul, Minnesota, United States

3M Co. - Noise, Environmental, and Heat Stress Monitoring Products include noise indicators, noise dosimeters, sound level meters, heat stress monitors, and indoor air quality monitors.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-02 Acelity

San Antonio, Texas, United States

Acelity is a wound care and regenerative medicine company created by uniting the strengths of three companies, Kinetic Concepts, Inc., LifeCell Corporation and Systagenix Wound Management, Limited. Acelity was formed in 1976 and is based in San Antonio, Texas.

Buy $6.7B

Seller(S) 1

SELLER

MModal

Franklin, Tennessee, United States
Category Company
Sector Information Technology
DESCRIPTION

MModal is a provider of clinical transcription services, clinical documentation workflow solutions, advanced cloud-based Speech Understanding™ technology and advanced unstructured data analytics. MModal is based in Franklin, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Information Technology) 1 of 1
Type (Divestiture) 1 of 1
State (Pennsylvania) 1 of 1
Country (United States) 1 of 1
Year (2018) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-11-23 Poiesis Informatics

Pittsburgh, Pennsylvania, United States

Poiesis Informatics, Inc. is a provider of IT solutions to health care industry.

Buy -
Mergr

Product

Company

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