Kodak agrees to buy Imation's unit in medical imaging for $520 million

Article Abstract:

Kodak acquired most of Imation's medical-imaging subsidiary for approximately $520 million, in an effort to strengthen its position atop the medical-imaging industry. Imation's DryView technology, which leads the dry laser-imaging systems market, can create instant films of images produced by magnetic-resonance imaging and CAT scans. Its use of digital technology bypasses lengthier and messier chemical processing for some applications. DryView's annual sales have exceeded 20% since its 1995 market introduction, and it presently represents around one-third of the company's annual revenue of $500 million, according to Imation. By comparison, the remainder of the medical-imaging industry is mature. Imation's estimates of an after-tax gain of between $75 million to $80 million on the deal pleased investors. Some analysts say Kodak may face regulatory hurdles, given its approximate 30% share of the international medical-imaging market.

Electromedical and Electrotherapeutic Apparatus Manufacturing, Medical Instruments and Supplies, Medical Imaging & Scanning, Company acquisition/merger, Medical equipment industry, Eastman Kodak Co., EK, Imation Corp., IMN, Medical imaging equipment, Medical imaging equipment industry

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Bausch & Lomb is considering the sale of its struggling sunglasses operation

Article Abstract:

Bausch & Lomb Inc. has hired Warburg Dillon Reed LLC to help it review its options in regard to its sunglasses unit. Even though Ray-Ban and Revo brands have kept a 35% market share, the unit is under-performing compared with the firm's pharmaceutical and other segments. Possibilities include a spin-off, selling to a leveraged buy-out firm or a joint venture.

United States, Asset sales & divestitures, Ophthalmic goods, Ophthalmic Goods Manufacturing, Sunglasses, Abstract, Eyewear industry, Bausch & Lomb Inc., BOL

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