Thomson Geer Partner, Dan Kramer, has acted for Carestream Health and its parent company, Onex Corporation (TSX:ONEX), in relation to the Australian aspects of the sale of Carestream Health’s dental digital business, Carestream Dental. The purchasers were funds managed by Clayton, Dubilier & Rice (CD&R), a 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.
Carestream Dental is a leading provider of dental practice management software, imaging and treatment planning software, imaging equipment and CAD/CAM solutions, as well as related customer support services for oral healthcare providers, imaging centres, and laboratories around the world. CD&R and CareCapital intend to partner with the Carestream Dental team to build on the company’s leading positions and accelerate growth, focusing on continuous innovation in oral healthcare and premier customer service.
Approximately 1,300 employees associated with the dental digital business have transferred to Carestream Dental.
Carestream Health will continue to focus on growth and market leadership in medical imaging systems; healthcare IT solutions; medical and dental films; non-destructive testing films and imaging systems; and precision films and specialised contract coating services.