On May 1, 2007, Onex Healthcare Holdings, Inc., an acquisition vehicle organized by Onex Corporation, completed the $2.6 billion acquisition of Eastman Kodak Company's Health Group. The acquired business is continuing under the name Carestream Health, Inc.
Onex manages third-party private equity investments through the Onex Partners and ONCAP family of funds. Onex is one of Canada's largest companies with global operations in service, manufacturing and technology industries with annual consolidated revenues of approximately $26 billion and consolidated assets of approximately $26 billion. Carestream Health, Inc. provides medical and dental imaging systems and information technology solutions; molecular imaging systems; and non-destructive testing products to a broad base of customers around the world.
Onex was represented in-house by Andrea Daly and assisted in the US by Kaye Scholer LLP with a team led by Joel Greenberg and including Steven Canner, and in Canada by Goodmans LLP with a team led by Mark Surchin and Brenda Gosselin (corporate), which included Ken Herlin (real estate); Yi-Wen Hsu (tax); John Alton (intellectual property); Joel Schachter (Investment Canada); Richard Annan (competition); Jana Steele (pensions); Scott Bell (legal research) and Joe Morrison (employment); and was assisted in Nova Scotia by Charles Reagh of Stewart McKelvey.
Eastman Kodak was represented by Sullivan & Cromwell LLP and in Canada by in-house legal counsel David Wright.