A Diagnostics & Imaging Week

Eastman Kodak (Rochester, New York) reported the completion of its acquisition of Orex Computed Radiography (Yokneam, Israel), a provider of compact, computed radiography (CR) systems that enable medical practitioners to acquire X-ray images digitally. The deal was first disclosed in January.

Kodak paid $51.3 million in cash at closing to acquire privately held Orex, with the price subject to adjustment, based upon the final closing balance sheet which will be audited after the closing.

Orex has become a wholly owned subsidiary of Kodak and operates within Kodak's Health Group. With 84 employees worldwide, Orex will remain in its principal location in Yokneam.

Orex manufactures CR systems for specialty markets, such as orthopedics, imaging centers and dentistry.

Customers in another market Kodak serves also use CR systems from Orex industrial non-destructive testing organizations, such as pipeline companies, foundries and aerospace manufacturers.

To date, almost 4,000 Orex D-CR medical and dental systems have been installed around the world, the company said. Its U.S. headquarters is in Auburndale, Massachusetts.