3M Company Mulls Over Sale or Spinoff of Health Software Unit

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3M Co. signaled a willingness to sell a health-care software business in its latest effort to prune the company’s vast portfolio of products, ranging from Scotch tape and kitchen sponges to materials used in making computer screens.

The St. Paul, Minn.-based company said Thursday it was looking at “strategic alternatives” for its Health Information Systems unit, which has annual sales of about $730 million, or about 2.4% of the $30.9 billion of total revenue expected by analysts this year, according to FactSet. Those…

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