Kodak to sell health unit for up to $2.55 billion

Eastman Kodak said on Wednesday it will sell its medical imaging business for up to $2.55 billion, a key step in the photography company's strategy to focus on digital products and services.

Onex Healthcare Holdings, a unit of Canada's Onex, will pay $2.35 billion in cash for the Kodak unit and up to $200 million in future payments if it achieves certain returns on the investment.

Shares in Kodak rose more than 2 percent in early trading as the deal ended months of investor concern over whether it would succeed in selling the unit.

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