Carestream Health is drawing interest from several private equity firms, according to a Reuters report.
Carestream Health, headquartered in Rochester, N.Y., is a worldwide provider of dental and medical imaging systems and healthcare IT solutions; x-ray film and digital x-ray systems for non-destructive testing; and advanced materials for the precision films and electronics markets.
The company was formed in 2007 when Onex Corporation, a Toronto-based PE firm, acquired Eastman Kodak Company’s Health Group and renamed the business as Carestream Health.
The auction of Carestream has drawn interest from Bain Capital LLC, Carlyle Group LP, Thomas H. Lee Partners, Hellman & Friedman LLC and KKR & Co LP, according to the report.
The deal could be valued at upwards of $3.5 billion.