Portage, Michigan, Aug. 12, 2024 (GLOBE NEWSWIRE) — 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 Stryker
Stryker 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.
The M&A market for healthcare companies continues to build on STRATEGIC opportunities. The strategic corporate buyers and private equity investors remain committed to acquiring strong businesses that are well prepared for a transaction. Across the continuum of care, these buyers and investors are looking for well established, profitable businesses and offering prime valuations and options for management.
Do you know the current market value of your business? We do! We are here to help you plan, prepare, explore and succeed in executing your strategic options.
Contact Paragon Ventures for more information.
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