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The firm has made two previous attempts to sell the asset since it acquired Eastman Kodak’s health group for $2.4 billion in 2007, renaming it Carestream Health. Onex was seeking suitors for Carestream in 2013, before calling off the sale, Reuters reported.How many employees does Carestream Health have?
4,400 (2020). Carestream Health, formerly Eastman Kodak Company 's Health Group, is an independent subsidiary of Onex Corporation which is one of Canada's largest corporations. In 2007, the Kodak Health Group was sold to Onex Corporation for $2.35 billion in cash.Who bought out Carestream medical imaging?
The Canadian buyout firm ran separate processes in 2017 to find buyers for Carestream’s medical imaging business and its digital dental-equipment unit, people with knowledge of the matter told Bloomberg News at the time. Onex sold the dental business to funds managed by Clayton, Dubilier & Rice and CareCapital Advisors in the same year.What happened to Kodak and Carestream Health?
Around 8,100 employees transferred to Onex, and Kodak Health Group was renamed Carestream Health. In April 2017, Carestream Health announced an agreement to sell its Dental Digital business to private equity firms Clayton, Dubilier & Rice and the Hillhouse Capital Management group, part of CareCapital Advisors Limited.