3M, St. Paul, MN, has agreed to acquire Treo Solutions, Troy, NY, a provider of data analytics and business intelligence to healthcare payers and providers.

Treo, which delivers analytics on data from more than 60 health plans, uses data analytics to redesign payment structures and transition payer and provider clients to value-based care models. This acquisition will make it possible to extend real-time data analytics and payment redesign worldwide, jumpstarting the many provider organizations that have adopted the 3M 360 Encompass System for computer-assisted coding in their transition to population health management.

3M Health Information Systems, a business of 3M Health Care, delivers 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

Treo employs 185 people. The transaction is expected to close in the second quarter.