US-based medical technology company Stryker has signed a definitive agreement to acquire Care.ai, an AI-based tool for hospitals.
The Florida-based startup offers a range of AI-based solutions including virtual care, patient monitoring and smart care facility platforms. These include its Always-Aware Ambient Sensors, which monitor hospital rooms and patients to prevent falls and pressure injuries. The alerts can run on the care team’s smartphones.
Stryker did not disclose the cost of the acquisition and the transaction is subject to customary closing conditions.
Stryker said Care.ai will bolster its growing healthcare IT offerings and portfolio of wirelessly connected medical devices. In January 2022, Stryker signed a $3 billion deal to acquire Vocera Communications, launching its foray into the communications and workflow platform space for hospitals. The medical device company said care.ai adds complementary technology that integrates seamlessly with the Vocera platform and its other devices.
In a conference call on July 30, Stryker CEO Kevin Lobo said investors can expect a “very active deal pipeline” for the second half of the year. The company has been very active in mergers and acquisitions this year, acquiring two companies in the last month. Stryker closed the deal to acquire soft tissue fixation company Artelon, which specializes in foot, ankle and sports medicine procedures, and breast cancer treatment company MOLLI Surgical.
Earlier this year, Stryker completed the acquisition of Serf SAS, a French manufacturer of joint replacement parts, and mfPHD, a Texas-based developer of modular stainless steel wall systems for hospitals and ambulatory surgery centers.
Access the most comprehensive company profiles on the market, powered by GlobalData. Save hours of research. Gain a competitive advantage.
Company profile – free sample
Your download email will arrive shortly
We are confident in the unique quality of our company profiles, but we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by filling out the form below.
By GlobalData
Andy Pierce, President of Stryker MedSurg and Neurotechnology Group, said, “This acquisition underscores our commitment and focus to our customers. care.ai will help Stryker significantly advance our healthcare IT and digital vision to provide customers with real-time, intelligent and connected decision support that improves the lives of caregivers and their patients.”
