Carestream Health

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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 Increase$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:

Carestream Agrees to Sell Dental Digital Business to Clayton, Dubilier & Rice and Hillhouse/CareCapital[edit]

Carestream Dental to be Established as Independent Company[edit]

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)

Headquarters in Rochester, New York

History[edit]

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.[1][2] 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[edit]

Products include: laser printers with dry film technology, DryView laser imaging film, computed radiography systems, digital radiography systems,[3] 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).[4][5]

Medical and Dental Products

Non-Medical Products

  • Contract manufacturer / Tollcoating offerings, including coating; pilot coating and development; hardcoating; PET manufacturing; TPU film manufacturing; solution preparation and delivery; analytical and quality testing; and converting and packaging.[11]
  • Advanced Materials, including Flexx [12] technology and research for the precision films and electronics markets.
  • Non Destructive Testing Products, including: Computed Radiography and X-ray film.[13]

References[edit]