A new article from Reuters claims that the investment firm that owns Carestream Health has put the company on the auction block, hoping to generate $3 billion from the sale of the vendor.
In a May 18 story, Reuters reported that Canadian investment firm Onex "has revived an auction" for Carestream and is "exploring the breakup" of the company. The article claimed that Onex tried to sell Carestream in 2013 but shelved the deal after it was unable to generate a bid it felt was adequate.
The article claims that Carestream is working with investment firm Goldman Sachs Group for its film and digital medical imaging business, while another investment firm, Jefferies Group, has been retained to shop its dental imaging business.
Carestream posted revenues for 2015 of $2.1 billion, down 9% from revenues in 2014. Reuters said that sales in the dental division grew last year.
A representative from Carestream declined to respond to the article, citing company policy.
"Like most companies, Carestream does not respond to rumors," the spokesperson noted.
