Kodak is already the world leader in dental xray film and expects that acquiring PracticeWorks will “vault the company into the leading position in the DPMS and dental digital radiographic market much the same way that the company’s 1998 acquisition of Imation’s
medical imaging business boosted Kodak to the marketleading position in medical dry laser printing.”
PracticeWorks had over $140 million in revenue in 2002, and is expected to add approximately $215 million to Kodak’s revenue in the first full year. However, the cost of the purchase means it will probably lower company profits slightly through 2005, and boost profits after that.
The purchase is subject to regulatory approvals and
to approval by PracticeWorks shareholders, and if approved is expected to close by the end of 2003.