Kodak Health Group to become Carestream Health

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Kodak Health Group will soon be known as Carestream Health. The name change is the result of Toronto, Canada-based Onex Corporation’s recently announced plans to acquire the healthcare division from Eastman Kodak. The deal, which is worth $2.55 billion, is expected to close in the first half of 2007.
Once the acquisition is closed, Carestream Health will be the stand-alone company’s name in the United States, though it will vary somewhat country to country. In countries such as Argentina, Brazil, China and Mexico, the name change will not formally take place immediately due to regulatory reasons, the companies said.
"As the Health Group moves toward the end of a long, successful chapter in its history, it now takes a major step toward a new beginning with the introduction of Carestream as its future company name," said Robert M. Le Blanc, chairman of Carestream Health and managing director of Onex. "We look forward to making Carestream synonymous with quality, efficiency and integrity — hallmarks the Health Group and its proven product portfolio have represented over the decades."