3M decides not to sell health IT division

After considering selling its healthcare data and software business, St. Paul, Minn.-based 3M has decided to hold onto its Health Information Systems business unit.

In September 2015, 3M said it would explore strategic alternatives for this business unit, which included spinning-off, selling or retaining the business.

“As part of our ongoing portfolio management process, 3M has completed a comprehensive review of strategic alternatives to determine the best path to benefit 3M, its stakeholders and the Health Information Systems business,” said Inge G. Thulin, 3M chairman, president and CEO. “As a result of this process, we have determined that retaining this business and further investing in it as a part of 3M provides the best opportunity for 3M Health Information Systems, already a healthy and rapidly growing business, to derive even greater long-term value.”

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