Kodak said the deal is expected to add approximately $215 million to its revenue in the first full year and to be slightly dilutive through 2005 and accretive thereafter. Kodak will also become the 100-percent owner of Paris-based subsidiary Trophy Radiologie SA, a maker of dental digital radiography equipment that PracticeWorks acquired in December. Kodak will pay $21.50 for each share of PracticeWorks common stock (and equivalents) and $7.33 for each share of PracticeWorks Series B preferred stock, plus approximately $34 million in net assumed debt and transaction fees. Under the agreement, Kodak will acquire all outstanding shares of PracticeWorks for approximately $500 million in cash. ROCHESTER, N.Y., July 21 - Eastman Kodak Co.announced today that it has entered into an agreement to acquire PracticeWorks Inc., an Atlanta, Ga.-based provider of dental practice management software (DPMS) and digital radiographic imaging systems.
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