|By Business Wire||
|February 21, 2014 09:01 AM EST||
Treo Solutions, a leading provider of healthcare data analytics and business intelligence, announced today that it has agreed to be acquired by 3M. The terms of the transaction were not disclosed.
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. By joining with 3M Health Information Systems, a business of 3M Health Care, Treo will further its plans for integrating clinical data and providing real-time and predictive analytics.
“Our mission has always been to provide valuable, sustainable solutions in payment and health system transformation,” said William Kelly, president, Treo Solutions. “Combining with 3M will bring the opportunity to scale our offerings to help clients manage healthcare change and solve the most complex problems.”
3M Health Information Systems 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.
The transaction is expected to close in the second quarter, subject to customary closing conditions and regulatory approvals.
About Treo Solutions
Since 2002, Treo Solutions, a healthcare data analytics and business intelligence firm, has been an essential partner for anticipating and managing change in healthcare. Treo leverages enhanced data assets to deliver value to its payer and provider clients. Treo’s highly scalable tools, optimized claims database of over 45-million covered lives, and expertise in collaborative care logistics enables clients to make value-informed decisions to create new risk-sharing and total cost-of-care models. Treo’s focused experience and agility allows clients to anticipate—and rapidly react to—a constantly changing market.