“Our investment in Carestream Dental lines up well with CD&R’s strengths executing complex corporate carve-outs where there is meaningful transformation and growth potential,” said CD&R Partner Derek Strum. Ashby, “With the strong support of our new partners, we look forward to becoming even more effective in serving the dynamic needs of the global oral healthcare industry with innovative products, high quality services and an unwavering commitment to excellence in all that we do.” “This is a landmark moment for Carestream Dental that positions the company for exciting future growth,” said Ms. Lisa Ashby, President of Carestream Dental, will become CEO of the new independent company upon the closing of the transaction. CD&R and CareCapital intend to partner with the Carestream Dental team to build on the company’s leading positions and accelerate growth.ĭental X-ray film and anesthetics are not included in the agreement and will remain with Carestream.
#Carestream dental help software
The new independent company will be named Carestream Dental.Ĭarestream’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. 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).
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