ROCHESTER, NY, USA - (HealthTech Wire) - Carestream Health, Inc., today began officially operating as an independent company with more than 8,100 employees serving tens of thousands of customers in 150 countries around the world.
With nearly $2.5 billion in annual sales, Carestream Health is one of the world’s leading health imaging and IT solutions companies, offering a comprehensive suite of traditional and digital solutions to medical, dental, molecular imaging systems and non-destructive testing customers.
The company originated as a business unit within Eastman Kodak Company and brings from its former owner a proud history of innovation, more than 110 years’ experience in health imaging, and over 1,000 patents in digital and film imaging and information technology. As a result of its innovative product portfolio and broad global sales, service and distribution capabilities, products from Carestream Health can be found in approximately 90% of hospitals and dental practices around the world. In addition, more than 75% of the company’s revenue comes from products that enjoy a number No. 1 market position.
“We couldn’t be more excited,” said Kevin Hobert, Chief Executive Officer of Carestream Health. “We now have an incredible opportunity to build on our history of innovation and to invest in our future and grow our business.”
Carestream Health will continue to use the Kodak brand with its products. It now owns all former Health Group sub-brands such as Carestream, DirectView, Softdent, Industrex, X-Sight and PracticeWorks to name a few.
Medical Imaging and IT Segment
Carestream Health provides solutions that assist customers with every step of the migration path to a fully digital workflow. The company—through its Digital Capture Solutions group—is a leading provider of digital x-ray capture systems, and is the only company that manufactures both computed radiography (CR) and digital radiography (DR) products. Nearly two out of five CR systems sold in the U.S. and Canada are from Carestream Health, and its share of the DR market is growing rapidly. “Our comprehensive digital capture portfolio allows us to act as a credible guide—offering customers optimal digital conversion of their film imaging,” Hobert said.
The company’s Healthcare Information Solutions group provides fully integrated IT workflow solutions that integrate images and patient information for processing, diagnosis, reporting, sharing, billing, and storage and management of departmental workflow. Its PACS, RIS and Information Management Solutions (IMS) products and consulting services help healthcare providers redesign workflow, enhance productivity, improve quality and transition to a fully digital environment. “Customers around the world are choosing Carestream Health to help them transition to an all-digital workflow,” Hobert said. “Our global teams provide customized healthcare IT solutions that deliver results, enabling our customers to improve both the cost and quality of patient care.”
Digital Capture Solutions and Healthcare Information Solutions are key growth areas for the business. According to studies by the Healthcare Financial Management Association and Carestream Health, major healthcare IT and equipment upgrades—which include RIS, PACS and digital capture systems—ranked high on the spending list of senior healthcare executives.
Carestream Health also holds the No. 1 position in the $3.5 billion
market for medical film products that includes film-based radiology systems; digital laser imaging systems for printing patient medical images; and mammography systems for detecting breast cancer. Its worldwide Services organization has won numerous customer satisfaction awards and helps customers derive higher performance from medical imaging and dental equipment, systems and staff.
Dental, MIS and NDT Segments
Carestream Health’s Dental Systems group is the world leader in advanced dental digital imaging and information technology. “Combined, we have the largest installed base of both dental digital radiography systems and of dental practice management software (DPMS),” Hobert noted.
Another important business—the Molecular Imaging Systems group—develops and markets high-performance digital imaging systems, imaging agents, film and accessories for the life science research and drug discovery/development markets. Recognized as an industry leader in image analysis solutions, MIS recently introduced advanced In-Vivo Imaging Systems and novel X-Sight Imaging Agents that expand its presence in the life science research market, while strengthening its position to enter the future clinical molecular imaging market.
Carestream Health’s business portfolio also includes its Non-Destructive Testing (NDT) group, which designs and produces unique film and digital imaging solutions for industrial radiography. As a leading provider of CR equipment, the NDT group offers powerful in-house and portable systems supported by a worldwide force of service and support professionals.
