Kodak closes on acquisition of PracticeWorks
Eastman Kodak Co. on Wednesday completed its acquisition of dental practice management software firm PracticeWorks Inc. for $468 million.
Kodak also will assume approximately $18 million in debt of the Atlanta-based company. The purchase includes Trophy Radiologie S.A., a provider of dental digital radiographic imaging systems in Vincennes Cedex, France. Trophy Radiologie at one time was owned by the former Trex Medical Corp., of Danbury, Conn.
PracticeWorks shareholders will receive $21.50 for each share of common stock.
Both PracticeWorks and Trophy Radiologie will become part of the Dental Systems Strategic Product Group in Kodak's Health Imaging Group and operate as separate subsidiaries.
Kodak also will assume approximately $18 million in debt of the Atlanta-based company. The purchase includes Trophy Radiologie S.A., a provider of dental digital radiographic imaging systems in Vincennes Cedex, France. Trophy Radiologie at one time was owned by the former Trex Medical Corp., of Danbury, Conn.
PracticeWorks shareholders will receive $21.50 for each share of common stock.
Both PracticeWorks and Trophy Radiologie will become part of the Dental Systems Strategic Product Group in Kodak's Health Imaging Group and operate as separate subsidiaries.