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Onex Acquisition Of Kodak’s Health Group Closes On Schedule and Carestream Health Inc Begins Worldwide Operations – Kuala Lumpur, 1 May 2007


Carestream Health, Inc., began officially operating as an independent company with more than 8,100 employees serving tens of thousands of customers in 150 countries around the world on 1 May 2007.

With nearly US$ 2.5 billion in annual sales, Carestream Health is one of the world’s leading health imaging and IT solutions companies, offering a comprehensive suite of traditional and digital solutions to medical, dental, molecular imaging systems and non-destructive testing customers.

The company originated as a business unit within Eastman Kodak Company and brings from its former owner a proud history of innovation, more than 110 years’ experience in health imaging, and over 1,000 patents in digital and film imaging and information technology. As a result of its innovative product portfolio and broad global sales, service and distribution capabilities, products from Carestream Health can be found in approximately 90% of hospitals and dental practices around the world. In addition, more than 75% of the company’s revenue comes from products that enjoy a number No. 1 market position.

“We couldn’t be more excited,” said Kevin Hobert, Chief Executive Officer of Carestream Health. “We now have an incredible opportunity to build on our history of innovation and to invest in our future and grow our business.”

Carestream Health will continue to use the Kodak brand with its products. It now owns all former Health Group sub-brands such as Carestream, DirectView, Softdent, Industrex, X-Sight and PracticeWorks to name a few.


About Carestream Health
Carestream Health, Inc., with 2006 revenues of almost US$ 2.5 billion, is a world leader in advanced imaging products, services and IT solutions for the medical and dental professions; molecular imaging systems for the life science research and drug discovery/development market segments; and x-ray film and digital x-ray products for the non-destructive testing market.

 

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