Here’s CEO Antonio M. Perez, in the release:
â€œOur stated corporate goal is to be among the top three in each of the businesses in which we compete,â€ Perez said. â€œWhile the Health Group is enjoying strong organic growth in elements of its digital portfolio, such as digital capture solutions and healthcare information solutions, we have been observing for some time consolidation in this industry. Given our valuable assets and the changing market landscape, we feel that now is the time to investigate strategic alternatives.â€
Here’s what an industry analyst says about the unit’s prospective sale, from the Wall Street Journal online edition (subscription required):
Ulysses Yannas, a broker with Buckman, Buckman and Reed who has long followed Kodak, said a sale could bring more than $4 billion, and predicted that private equity firms would be eager to buy the profitable unit.
[tags] Kodak [/tags]