Let me begin by thanking you for your continued trust in Carestream Dental. Between our technology and your expertise, together we provide patients with enhanced diagnoses and advanced treatment plans. You have watched the landscape change in the oral healthcare marketplace, and Carestream Dental has responded by offering innovative new technology and becoming more nimble as a business.
Today, we have some very important news to share with you. Our parent company, Carestream Health, has entered into an agreement to sell its dental digital business to Clayton, Dubilier & Rice, a leading global private equity firm, and CareCapital Advisors Limited, a specialist investment platform focused on dental and consumer health in Asia that is part of Hillhouse Capital Management. CD&R and CareCapital—highly successful organizations with significant financial resources to invest in the business—intend to establish Carestream Dental as an independent company.
As a new company dedicated to the advancement of oral healthcare products and services, this will allow us to continue to provide the service and innovation that you require over the coming years. We remain a multi-national organization, with research and development and manufacturing facilities around the world.
Thank you again for making us your partner of choice. I look forward to continuing a prosperous relationship with you and your team for many years to come.
You can learn more about this exciting announcement through our news release.
To the continued success of your practice,
Lisa Ashby President, Carestream Dental