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Carestream Health Acquires Quantum Medical Imaging

Carestream HealthCarestream Health has acquired Quantum Medical Imaging, LLC (Ronkonkoma, N.Y.), a privately-held manufacturer of high-quality digital and conventional X-ray systems used by hospitals, imaging centres and health clinics. With this acquisition, Carestream Health becomes a global leader in X-ray imaging-providing a broad portfolio of conventional and digital X-ray systems for healthcare providers worldwide.

Quantum Medical Imaging's proven portfolio enhances and complements Carestream Health's broad product line and the combination of the two companies will enable Carestream to better serve the specialised imaging needs of community hospitals and clinics globally.

Likewise, Quantum Medical Imaging's dealers and customers will have access to Carestream Health's innovative medical imaging and healthcare IT solutions. The joint expansion of these product portfolios and the extended market reach will lead to more options for customers and continued growth for both organisations.

"I'm thrilled to welcome Scott Matovich and his talented Quantum Medical Imaging team to Carestream Health," said Kevin Hobert, CEO, Carestream Health. "Scott and his team have created very reliable, innovative and easy-to-use products and, with their strong dealer network, they have earned a reputation for outstanding customer satisfaction. The Quantum team brings great people, great products and new business partners to Carestream Health."

Quantum Medical Imaging sells both digital radiography (DR) and conventional X-ray systems; computed radiography (CR) systems; and X-ray system components. The company serves hospitals, imaging centres, orthopedic facilities and medical clinics by providing high-quality, affordable medical imaging solutions appropriate for their unique needs.

"Our team has done a tremendous job serving customers and building a strong business, achieving consistent growth over the last decade with even greater long-term potential," said Scott Matovich, President/CEO, Quantum Medical Imaging. "By joining forces with a global healthcare solutions provider of Carestream Health's caliber, we are further advancing and accelerating our growth trajectory. We will continue our sharp focus on providing innovative imaging solutions for healthcare providers that place a premium on quality, value and success."

Quantum Medical Imaging's dealers and the customers they serve will see significant benefits from this acquisition as they will have access to a substantially larger portfolio of advanced CARESTREAM products including CR systems; the DRX-1 family of wireless digital upgrades; entry level RIS/PACS and archive solutions; and medical film printers. In addition, there is significant opportunity for Carestream Health to sell Quantum Medical Imaging's high-quality products in international markets, where Carestream Health's efficient distribution networks reach and serve more healthcare customers.

Quantum Medical Imaging will be integrated into Carestream Health's Digital Medical Solutions business. CEO Scott Matovich will continue running Quantum Medical Imaging's operations and will report to Diana Nole, President of Carestream Health's Digital Medical Solutions business. Matovich also will manage Carestream Health's U.S. dealer channel business.

Quantum Medical Imaging's headquarters, employees and management team will remain in Long Island, N.Y. The company has just extended the lease on its headquarters and manufacturing facility through 2018.

More information on the customer benefits of Carestream Health's products and solutions can be found at www.carestreamhealth.com. For information on the innovative radiology products available through Quantum Medical Imaging's extensive dealer network, please visit www.quantummedical.net.

About Carestream Health
Carestream Health is a worldwide provider of dental and medical imaging systems and healthcare IT solutions; molecular imaging systems for the life science research and drug discovery/development market segments; and x-ray film and digital x-ray products for the non-destructive testing market. For more information about the company's broad portfolio of products, solutions and services, please contact your Carestream Health representative or visit www.carestreamhealth.com.

About Quantum Medical Imaging
Quantum Medical Imaging is a highly innovative company that designs and manufactures superior medical radiographic systems for hospitals and imaging centres around the world. The company's mission is to supply the radiographic imaging industry with superior products for enhanced diagnostic capability. An exclusive worldwide dealer network provides factory-authorized sales and service for all Quantum Medical Imaging systems and products. As members of Quantum Medical Imaging's Gold Star Network, these dealers have been recognised for their excellence in technical support and customer service. For more information, please visit www.quantummedical.net.

CARESTREAM is a trademark of Carestream Health.

Quantum and Q-Rad are trademarks of Quantum Medical Imaging.