Orthopedics machine firm Stryker mentioned Monday IT has reached an agreement to acquire Care.ai, an organization that gives synthetic intelligence-based instruments for hospitals. The Orlando, Florida-based startup makes affected person monitoring, digital rounding and AI-assisted determination help instruments primarily based on a community of sensors.
Stryker didn’t instantly reply to questions in regards to the worth or timing of the acquisition.
The acquisition comes about two weeks after Stryker CEO Kevin Lobo forecast a “very active deal pipeline” for the second half of the 12 months.
Stryker mentioned Care.ai will strengthen its rising Health IT providing and portfolio of wirelessly related medical units. In 2022, Stryker bought Vocera Communications for $2.97 billion, giving IT an entry into communication and workflow platforms for hospitals. The corporate expects Care.ai to combine with its Vocera platform and units.
“This rising phase is of accelerating significance as Stryker’s prospects proceed to face nursing shortages, worker retention challenges, overworked and cognitively burdened workers, and an increase in office security issues,” the corporate mentioned in an announcement.
The acquisition is topic to customary closing situations.
The Care.ai pickup continues Stryker’s current run of tuck-in M&A. The orthopedics firm agreed in June to buy Artelon, which makes smooth tissue restore Technology, and introduced in December a deal to acquire the joint alternative firm Serf Sas. Stryker didn’t disclose monetary phrases for both deal.
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