Fierce Biotech August 12, 2024
Late last month, CEO Kevin Lobo said Stryker had plans to pursue multiple M&A deals over the latter half of this year. It hasn’t taken long for the company to start making good on that promise.
Stryker announced that it signed a new agreement to pick up care.ai, a developer of smart hospital systems and room management solutions. That includes ambient cameras and sensors that can monitor patients autonomously—capable of alerting providers to potential falls and bed sores, as well as detecting situations where staff may be in danger.
The company described its buy as a step further into a segment of patient care that’s growing in importance, as health systems continue to face staffing shortages and workplace safety concerns....