Carestream Health, Inc., formerly Eastman Kodak Company's Health Group, is an American

medical imaging Medical imaging is the technique and process of imaging the interior of a body for clinical analysis and medical intervention, as well as visual representation of the function of some organs or tissues (physiology). Medical imaging seeks to revea ...

company, owned by Canadian

investment Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broade ...

firm Onex Corporation.

History

Recently, Moody’s Investors Rating Service “downgraded” the Carestream Health financial outlook to negative from stable. Showing a credit rating of Caa1 with a Probability of Default. In 2007, the Kodak Health Group was sold to Onex Corporation for $2.35 billion in cash. 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. Carestream Dental provides imaging systems and practice management software for general and specialist dental practices. The dental X-ray film and anesthetics business were not included in the agreement and remain with Carestream Health. On September 28, 2022 Carestream Health filed for Chapter 11 bankruptcy. Carestream continues to have financial difficulty and stability as shown with the closure of the Colorado plant in February of 2024. According to Carestream the declining analog print business accounts for almost half of its revenues. Since 2018, Carestream annual revenues declined by $100m. The other half of its revenues are attributed to its digital medical systems but are less profitable than its declining print business.

Products

The Carestream Health flagship product, DRX-Revolution, has been recalled by the FDA multiple times. The popular product has been reported to have unexpected and spontaneous internal system fires resulting in clinicians and patients exposed to toxic smoke in common areas. Products include: photothermographic laser imagers, photothermographic imaging film, computed radiography systems,

digital radiography Digital radiography is a form of radiography that uses x-ray–sensitive plates to directly capture data during the patient examination, immediately transferring it to a computer system without the use of an intermediate cassette. Advantages incl ...

systems, and other diagnostic imaging systems for the medical and dental imaging fields. Carestream Health owns more than 800 patents for medical and dental imaging technology. Digital imaging technologies include the DRX-1 series, which allows a wireless connection between the digital X-ray detector and computer system (whether part of their static system or a mobile/portable radiography system). Medical and Dental Products *

Radiology Radiology ( ) is the medical specialty that uses medical imaging to diagnose diseases and guide treatment within the bodies of humans and other animals. It began with radiography (which is why its name has a root referring to radiation), but tod ...

department products for

X-ray An X-ray (also known in many languages as Röntgen radiation) is a form of high-energy electromagnetic radiation with a wavelength shorter than those of ultraviolet rays and longer than those of gamma rays. Roughly, X-rays have a wavelength ran ...

products and digital

image processing An image or picture is a visual representation. An image can be two-dimensional, such as a drawing, painting, or photograph, or three-dimensional, such as a carving or sculpture. Images may be displayed through other media, including a pr ...

, including:

Digital radiography Digital radiography is a form of radiography that uses x-ray–sensitive plates to directly capture data during the patient examination, immediately transferring it to a computer system without the use of an intermediate cassette. Advantages incl ...

rooms and mobile/portable X-ray for general X-ray; Computed Radiography for general X-ray and mammography applications; and

film for general and mammography applications. *Medical printing products , including: photothermographic printers using dry film technology. Non-Medical Products * Contract manufacturer / Precision coating offerings, including coating; pilot coating and development; hard coating; PET manufacturing; TPU film manufacturing; solution preparation and delivery; analytical and quality testing; and converting and packaging. *Non Destructive Testing Products, including: Computed Radiography and

film.

References

{{Authority control Health information technology companies Companies based in Rochester, New York Health care companies established in 2007 American companies established in 2007 Dental companies Medical imaging Medical technology companies of Canada Kodak Canadian companies established in 2007 Onex Corporation Corporate spin-offs Companies that filed for Chapter 11 bankruptcy in 2022