A medical technology firm has agreed to acquire Orlando’s care.ai, which specializes in virtual care that incorporates artificial intelligence and smart room tech.
Michigan-based Stryker Corporation announced the news on Monday, with company officials saying the acquisition came to be in part to help its clients handle nursing shortages. No terms of the deal were shared.
In addition to nursing shortages, the release said care.ai’s solution could help the industry deal with employee retention, overworked staffs and workplace safety.
The acquisition will help Stryker in its efforts to create and incorporate real-time decision-making tools, Group President Andy Pierce said in a press release.
Earlier this year, care.ai had been named by Software Report as one of the top 25 AI companies in the country. The company’s platform has been in use in more than 1,500 U.S. care facilities.
The press release indicated that each company will remain separate entities until the transaction officially closes.
Care.ai CEO and Founder Chakri Toleti shared his gratitude on the deal in a social media post on Monday.
“Our commitment to simplifying and enhancing the lives of healthcare professionals and patients remains unwavering,” he said on his LinkedIn account. “Together, we are transforming healthcare, ensuring that we always prioritize the well being of those who need care and those who dedicate themselves to caring for others.”