It's official — Kodak's Health Group is now Carestream Health, Inc., owned by Onex Corporation. The companies announced this morning the completion of the acquisition of Kodak's Health Group by Onex and the creation of Carestream Health that is 8,100 employees strong, serving customers in 150 countries.
“We now have an incredible opportunity to build on our history of innovation and to invest in our future and grow our business,” said Kevin Hobert, chief executive officer of Carestream Health.
The new Carestream Health logo
Carestream Health will continue to use the Kodak brand with its products, and now owns all former Health Group sub-brands such as Carestream, DirectView, Softdent, Industrex, X-Sight and PracticeWorks, among others. Overall, Carestream Health will focus on helping customers evolve their operations to fully digital workflow within the medical imaging and IT segment.
“Our comprehensive digital capture portfolio allows us to act as a credible guide offering customers optimal digital conversion of their film imaging,” Hobert said.
Carestream Health’s groups in the health IT space include the Digital Capture Solutions group providing digital x-ray capture systems, as well as both CR and DR products. The company’s Healthcare Information Solutions group provides integrated IT workflow systems that integrate images and patient information for processing, diagnosis, reporting, sharing, billing, and storage and management of departmental workflow.
Other business areas include Carestream Health’s Dental Systems group, the Molecular Imaging Systems group, and its Non-Destructive Testing (NDT) group.
Kodak Health Group recently posted $2.5 billion in annual sales.
When the acquisition was initially announced in January, Robert M. Le Blanc, Onex managing director, said that a lot of intermingling between Onex divisions was not expected, and the transition to current Kodak customers would be fairly seamless.
Hobert said that he expected the transition to Carestream Health to be a liberating move because the unit will be a stand-alone company rather than a business within a business.
No changes have been announced for Kodak employees. At the time of the original announcement, Hobert stated that Carestream Health would likely be adding staff to bring in some expertise to fill holes in the current organization where they used to rely on Kodak corporate. Hobert also added that no big portfolio changes were planned.