Kodak Completes Acquisition of OREX Radiography

Eastman Kodak has announced the completion of its acquisition of OREX Computed Radiography, a provider of compact, robust computed radiography systems that enable medical practitioners to acquire patient X-ray images digitally.

Kodak paid $51.3 million in cash at closing to acquire privately held OREX. The purchase price is 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, Israel.