3M Company acquired CodeRyte Inc., a transaction completed in April 2012, structured as Acquisition (terms not disclosed).
CodeRyte Inc. operates in Health Care (Health Information Systems), is based in United States. CodeRyte is a clinical natural-language-processing (NLP) and computer-assisted coding company for outpatient healthcare providers, with products including CodeAssist, CodeComplete and DataScout. 3M, which had worked with CodeRyte since 2009, acquired it to apply its NLP engine to the 3M 360 Encompass System for clinical documentation and coding.
Adds leading NLP technology to 3M's coding, reimbursement and patient-classification solutions.
Advisory firms were not disclosed for this transaction.