Carestream Agrees to Sell Dental Digital Business to Clayton, Dubilier & Rice and Hillhouse/CareCapital

by Larry Emmott on April 14, 2017

in General

From Business Wire:

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). The new independent company will be named Carestream Dental.

Source: Carestream Agrees to Sell Dental Digital Business to Clayton, Dubilier & Rice and Hillhouse/CareCapital | Business Wire

In the short term this should mean nothing to users or buyers of Carestream products. The transition will be invisible to users. In the long run it could mean greater focus and investment in developing dental specific products.

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