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Carestream Dental to be purchased by specialist investment platform
Carestream Dental is to be taken over by new management, with Clayton, Dubilier and Rice and CareCapital Advisors Limited to purchase the company.
Current owner Carestream will sell off the dental digital business for an undisclosed fee, with the new owners representing a specialist investment platform focused on dental and consumer health in Asia that operates as part of Hillhouse Capital Management.
Carestream Dental is a leading provider of dental technology, with a broad portfolio of digital imaging equipment and practice management software. It holds around 500 patents and has approximately 1,500 employees worldwide, serving more than 85,000 dental practices in over 90 countries.
Following this sale, Lisa Ashby, the current president of Carestream Dental, will become its chief executive officer, while John Dineen – an advisor to Clayton, Dubilier and Rice funds – will serve as chairman.
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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