3M Company acquires SoftMed Systems Inc.

3M Company acquired SoftMed Systems Inc., a transaction completed in December 2006, structured as Merger into 3M Health Information Systems (terms not disclosed).

SoftMed Systems Inc. operates in Health Care (Health Information Systems), is based in United States. SoftMed Systems is a provider of health-information-management software and services that improve workflow and efficiency for healthcare organizations. 3M merged it into its Health Information Systems division, adding document- and workflow-management solutions to 3M's reimbursement, compliance and quality-management tools used by more than 5,000 healthcare organizations.

Expands 3M Health Information Systems beyond its core reimbursement/compliance software into health-information management.

Advisory firms were not disclosed for this transaction.

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