Carestream Health
 |
|
| Private | |
| Industry | Medical and dental imaging and information technology solutions; contract manufacturer/tollcoating; advance materials; and non-destructive testing (NDT) products |
| Founded | 2007 |
| Headquarters | Rochester, New York, USA |
|
Key people
|
Kevin Hobert, CEO Joseph F. Ruh, Esq., General Counsel and Corporate Secretary |
| Revenue |
 $2.4 Billion USD (2014) |
| Owner | Onex Corporation |
|
Number of employees
|
7,300 |
| Website | http://www.carestream.com/ |
Carestream Health, formerly Eastman Kodak Company's Health Group, was an independent subsidiary of Onex Corporation, Toronto, Ontario, Canada. Onex is one of Canada's largest corporations.
According to a Carestream Press Release, April 13, 2017:
ROCHESTER, N.Y., April 13 — Carestream, working with its parent company, Onex Corporation (TSX: ONEX), has entered into an agreement to sell its dental digital business to funds managed by Clayton, Dubilier & Rice (CD&R), a leading global private investment firm, and CareCapital Advisors Limited (CareCapital), a specialist investment platform focused on dental and consumer health in Asia and part of Hillhouse Capital Management (Hillhouse). The new independent company will be named Carestream Dental.
Carestream’s dental digital business, which provides imaging systems and practice management software for general and specialist dental practices globally, has earned leading positions in attractive, high-growth, oral healthcare markets and is well positioned for continued growth and success. CD&R and CareCapital intend to partner with the Carestream Dental team to build on the company’s leading positions and accelerate growth.
Dental X-ray film and anesthetics are not included in the agreement and will remain with Carestream.
(end of press release information - more may be found on the public Carestream web site)
In 2007, Kodak Health Group was sold to Onex Corporation for $2.35 billion in cash, and up to $200 million in additional future payments if Onex achieved specified returns on the acquisition. Around 8,100 employees transferred to Onex, and Kodak Health Group was renamed Carestream Health. Prior to the sale, Kodak Health Group had revenue of $2.54 billion for the 12 months to 30 September 2006.
Products include: laser printers with dry film technology, DryView laser imaging film, computed radiography systems, digital radiography systems, picture archiving and communications systems, systems for mammography and other imaging solutions for the medical and dental imaging fields. Carestream Health owns more than 800 patents for medical and dental imaging and information technology. Digital imaging technologies include the DRX1 series which allows a wireless connection between detector and computer system (whether part of their static system or a mobile/portable radiography system).
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