Carestream Dental has announced that its acquisition by the investment firms Clayton, Dubilier and Rice and CareCapital Advisors has been completed.
The deal, which was originally announced in April 2017, means that Carestream Dental will no longer operate as the dental digital business of Carestream Health, and will instead become an independent global company.
“Carestream Dental has become an independent global business following the completion of its acquisition by Clayton, Dubilier and Rice and CareCapital Advisors.“
This will allow the firm to reinforce its position as a leading provider of dental digital product lines and services, with its new owners seeking to find ways to accelerate growth in the coming years.
Lisa Ashby will continue to serve as Carestream Dental's chief executive officer, while Clayton, Dubilier and Rice's operating advisor John Dineen - former chief executive of GE Healthcare - has taken on the role of chairman of the Carestream Dental board.
Commenting on the deal when it was announced, Ms Ashby said: "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."
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