ATLANTA, Dec. 22, 2021 (Globe NEWSWIRE) — Affiliates of Carestream Dental LLC (“Carestream Dental”) now declared that they have entered into an settlement to offer Carestream Dental’s Scanning Technology business enterprise to Envista Holding Company (“Envista”), a leading world wide dental products business for $600 million. The Scanning Know-how business enterprise is composed of Carestream Dental’s intraoral scanner products (CS 3600, CS 3700, and CS 3800) and linked application.
Carestream Dental will continue to function its current market-primary imaging technological innovation, scientific software and apply administration computer software enterprises which supply progressive options for dental practices, groups, DSOs and market partners. The sale of the Scanning Technological know-how small business will not only provide sizeable proceeds symbolizing the value of the company’s innovation processes, but also allow for Carestream Dental to aim its investments and endeavours in the highly desirable and developing dental cloud and know-how alternatives industry. Its the latest investments in Sensei Cloud practice management and Swissmeda’s suite of medical program answers complement a legacy of industry-foremost system innovation with new escalating SaaS purposes focused on encouraging methods and groups create new earnings, gains and individual flows.
“This is an thrilling time for Carestream Dental and our shoppers,” Lisa Ashby, CEO of Carestream Dental, stated. “We’ve had a multi-calendar year expenditure plan in cloud solutions and technology, and this transaction enables us to superior emphasis and accelerate our innovation in AI applications, clinical cloud apps and cloud observe administration for GPs, DSOs and specialty procedures. We will carry on to get the job done together with our clients and associates to create innovation which delivers each clinical and operational price, and believe Envista represents a fantastic property for our Scanning Technological know-how enterprise underneath which our staff and shoppers will prosper.”
Issue to lawful, regulatory and personnel consultation needs, it is expected that the transaction will near in late Q1/early Q2 of 2022. More phrases of the transaction were being not disclosed. Jefferies LLC is serving as money advisor and Debevoise & Plimpton LLP is serving as lawful counsel to Carestream Dental in the transaction.
About Carestream Dental
Carestream Dental is dedicated to reworking dentistry, simplifying technology and switching life. In this pursuit, we concentration on providing cloud alternatives and know-how for exercise and clinical management for dental procedures, teams, DSOs and partners. For far more facts, make sure you take a look at carestreamdental.com.
Amanda Gong Carestream Dental 470.481.6797 [email protected]
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