The Caisse de dépôt et placement du Québec is supplying $141 million in loans to Carestream Dental, a division of Carestream Health.
The company develops, manufactures and markets imaging systems and practice management software for use in dental offices. Its products are used by seven out of 10 dental practitioners, according to a release from the Caisse.
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“Carestream Dental’s offering responds to core demands in the health industry, including the need for faster and more efficient services from dental health professionals,” said Marc Cormier, executive vice-president, fixed income at the Caisse. “With the industry’s ongoing transition to digital dental health records and images, Carestream is a company well-positioned to succeed and expand across markets.”
The Caisse is financing the company in conjunction with its majority owner Clayton, Dubilier & Rice, a private investment firm the Caisse has partnered with since 2004.