Carestream Health separates into two companies to accelerate growth
20/03/2026
Carestream Health Inc has completed the separation of the company into two geographically focused organisations, enhancing the long-term growth potential of each company. As part of the separation, Carestream Health retained all of the company’s USA operations, while most of the company’s international operations have been organised under Carestream Healthcare International Company Limited, previously known as Rayco (Shanghai) Medical Products Company Limited (Carestream International). In addition, Carestream International was acquired by affiliates of Midea Group Co Ltd as part of the transaction.
Through the transaction, Carestream Health is expected to benefit from an improved balance sheet and greater strategic emphasis on the USA market, strengthening its ability to continue delivering industry-leading solutions and technologies to medical providers and customers.
“This strategic split is the next step in our journey to enhance Carestream Health’s long-term success and strengthen our leadership and customer-centric focus,” said Todd Clegg, Chief Executive Officer of Carestream Health. “We are confident that the transaction will allow us to enhance our USA operations as we remain dedicated to delivering solutions that support our customers’ experience and our partners’ success. Midea is well suited to drive the continued growth in international markets and we believe that both Midea and its partners will benefit from the expertise of our talented international colleagues.”
Under the terms of the transaction, Carestream Health sold to Midea certain assets of its wholly owned business entities that operate in various markets outside the USA.
Carestream Health Inc will retain the company’s entire commercial and manufacturing operations in the USA, its film manufacturing operations in Mexico and its film operations and commercial sales, including non-destructive testing operations, in China.
www.carestream.com
