Dental News - Carestream Dental to be established as independent company

Dental Tribune International

Fri. 21. April 2017

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ROCHESTER, N.Y., USA: Carestream has announced that it will be selling its dental digital business to funds managed by Clayton, Dubilier & Rice, a global private equity firm, and CareCapital Advisors, a specialist investment platform focused on dental and consumer health in Asia. The new independent company will be named Carestream Dental. Subject to regulatory and other approvals, the sale is expected to close in the third quarter of 2017.

Carestream’s dental digital business provides imaging systems and practice management software for general and specialist dental practices globally. The company stated that it is committed to working with the two new partners to ensure a smooth transition for its dental digital employees and customers.

The agreement will allow Carestream to focus on its remaining businesses, including medical imaging equipment, health care IT solutions, medical and dental film, nondestructive testing film and imaging equipment, and precision films and contract coating services. These businesses have earned attractive market positions, generate strong earnings and cash flow, and will benefit from recent investments in innovative technologies and growth initiatives, the company said.

Dental radiographic film and anesthetics are not included in the agreement and will remain with Carestream.

With respect to France, where the opinion of the works council is mandatory for an acquisition of this kind, Carestream will not undertake a legal obligation to sell the business until consultation with the relevant works councils has been completed.

Additional terms of the transaction were not disclosed.

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