3M, St. Paul, MN, acquired CodeRyte Inc., a manufacturer of clinical natural language processing (NLP) technology and computer-assisted coding solutions for healthcare outpatient providers. Terms of the transaction were not disclosed.
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\”This acquisition allows us to apply CodeRyte’s leading edge NLP technology to our new 3M 360 Encompass System,\” said Jon T. Lindekugel, vice president and general manager, 3M Health Information Systems. \”We believe CodeRyte’s powerful NLP engine combined with 3M’s deep expertise in coding, reimbursement and patient
CodeRyte employs approximately 130 people at its headquarters in Bethesda, MD.