Stryker announces definitive agreement to acquire care.ai, a leading virtual care and ambient intelligence solutions platform
12 August 2024 - 10:00PM
Stryker (NYSE: SYK), a global leader in medical technologies,
announced today a definitive agreement to acquire care.ai, a
privately held company specializing in delivering AI-assisted
virtual care workflows, smart room technology and ambient
intelligence solutions. The acquisition will strengthen Stryker’s
growing healthcare IT offering and wirelessly connected medical
device portfolio.
This growing segment is of increasing importance as Stryker’s
customers continue to face nursing shortages, employee retention
challenges, overworked and cognitively burdened staff, and a rise
in workplace safety concerns. care.ai adds complementary technology
that will integrate seamlessly with the Vocera platform and
Stryker’s devices, providing customers with an enterprise-wide
ecosystem that can deliver dynamic clinical workflows and further
the development of smart care facilities. care.ai’s platform and
sensors enable a variety of AI-assisted workflows that can help
deliver a responsive and personalized healthcare environment,
allowing caregivers to spend more time with patients.
“This acquisition underscores our commitment and focus on our
customers," stated Andy Pierce, Group President, MedSurg and
Neurotechnology, Stryker. “care.ai will help Stryker significantly
accelerate our healthcare IT and digital vision to provide
customers with real-time, smart and connected decision-making tools
that enhance the lives of caregivers and their patients.”
This transaction is subject to customary closing conditions.
Stryker and care.ai will continue to operate as separate entities
and proceed with business as usual until the transaction
closes.
About StrykerStryker is a
global leader in medical technologies and, together with its
customers, is driven to make healthcare better. The company offers
innovative products and services in MedSurg, Neurotechnology,
Orthopaedics and Spine that help improve patient and healthcare
outcomes. Alongside its customers around the world, Stryker impacts
more than 150 million patients annually. More information is
available at www.stryker.com.
Media contact:
Meghan MenzSr. Director, Communications
meghan.menz@stryker.com
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