Stryker completes acquisition of care.ai

Rhea-AI Summary

Stryker (NYSE: SYK) has completed the acquisition of care.ai, a privately held company specializing in AI-assisted virtual care workflows, smart room technology, and ambient intelligence solutions. This acquisition is expected to strengthen Stryker's growing healthcare IT offering and wirelessly connected medical device portfolio. Andy Pierce, Group President of MedSurg and Neurotechnology at Stryker, expressed enthusiasm about accelerating the company's digital vision to provide customers with real-time, smart, and connected decision-making tools that can enhance the lives of caregivers and their patients. The acquisition aligns with Stryker's strategy to expand its technological capabilities in the healthcare sector.

Positive

• Acquisition strengthens Stryker's healthcare IT offering
• Expands Stryker's wirelessly connected medical device portfolio
• Enhances Stryker's capabilities in AI-assisted virtual care workflows
• Adds smart room technology and ambient intelligence solutions to Stryker's offerings

Negative

• None.

Portage, Michigan, Sept. 17, 2024 (GLOBE NEWSWIRE) -- Stryker (NYSE: SYK), announced that it has completed the previously announced acquisition of care.ai, a privately held company specializing in delivering AI-assisted virtual care workflows, smart room technology and ambient intelligence solutions.

“We welcome the care.ai team to Stryker and look forward to working together to accelerate our digital vision to provide customers with real-time, smart and connected decision-making tools that can enhance the lives of caregivers and their patients,” stated Andy Pierce, Group President, MedSurg and Neurotechnology, Stryker.

The acquisition will strengthen Stryker’s growing healthcare IT offering and wirelessly connected medical device portfolio.

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.

Media contact:

Meghan Menz
Sr. Director, Communications
meghan.menz@stryker.com

FAQ

What company did Stryker (SYK) acquire on September 17, 2024?

Stryker (SYK) completed the acquisition of care.ai, a privately held company specializing in AI-assisted virtual care workflows, smart room technology, and ambient intelligence solutions.

How will the care.ai acquisition benefit Stryker's (SYK) product portfolio?

The acquisition will strengthen Stryker's growing healthcare IT offering and wirelessly connected medical device portfolio, enhancing its capabilities in AI-assisted virtual care and smart room technology.

What is the strategic importance of Stryker's (SYK) acquisition of care.ai?

The acquisition aligns with Stryker's digital vision to provide customers with real-time, smart, and connected decision-making tools that can enhance the lives of caregivers and their patients.

Who commented on Stryker's (SYK) acquisition of care.ai?

Andy Pierce, Group President of MedSurg and Neurotechnology at Stryker, commented on the acquisition, welcoming the care.ai team and expressing excitement about accelerating Stryker's digital vision.