#KODAK DENTAL IMAGING SOFTWARE CUSTOMER SERVICE NUMBER FULL#
"We can now offer choices of full spectrum dental imaging."
"Kodak will acquire the current market leader" in the dental practice management software market, Kerpelman said. The market for dental imaging products is estimated at $600 million, Kerpelman said on a conference call. The PracticeWorks acquisition is expected to add about $215 million to Kodak's revenue in the first full year, be slightly dilutive through 2005, and accretive thereafter. Another 4,000 dentists internationally use the software. use PracticeWorks' products and services, including 53,000 dentists, 4,000 orthodontists, and 4,000 oral and maxillofacial surgeons. PracticeWorks, based in Atlanta, makes software that allows dentists to manage their front office functions, including scheduling, billing and record keeping.Ībout 61,000 dental professionals in the U.S. It is expected to close by the end of 2003.
The deal must be approved by PracticeWorks' shareholders, and is subject to regulatory approval. "This info-imaging capability, ultimately, will enable dental professionals to manage patient care from the front office all the way through treatment with high-quality Kodak images at key points in the process," said Dan Kerpelman, president of Kodak's health imaging group. Kodak says the acquisition will allow it to offer technology that helps dentists organize dental images with patient health records. Shares of PracticeWorks gained 20 percent, or $3.53, to close at $21.21 Monday, while Kodak lost 3.4 percent, 90 cents, to $25.40. Kodak is also paying $7.33 for each share of PracticeWorks Series B stock, plus about $34 million in net assumed debt and transaction fees.