By DrBicuspid Staff

April 13, 2017 -- The parent company of Carestream Dental has entered into an agreement to sell the company to two private equity investment firms. No transaction price was announced.

Private equity investment firm Onex will sell Carestream Dental to the private investment firm of Clayton, Dubilier & Rice and the investment firm CareCapital Advisors, a part of Hillhouse Capital Management.

The new independent company will maintain the Carestream Dental name, according to a press release. Carestream's dental x-ray film and anesthetics businesses are not included in the sales agreement.

Lisa Ashby, current president of Carestream Dental, will become CEO when the transaction closes, which is expected in the third quarter of 2017.

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