Stryker Stock Declines Despite Completion of care.ai Acquisition
SYKStryker(SYK) ZACKS·2024-09-19 02:30

Stryker Corporation (SYK) announced that it has closed the previously-announced agreement to acquire care.ai, a privately held company specializing in artificial intelligence (AI)-assisted virtual care workflows, smart room technology and ambient intelligence solutions. This acquisition is likely to strengthen Stryker's healthcare IT and wireless medical device offerings, underscoring its commitment to delivering innovative solutions that can tackle key challenges in the healthcare industry.The deal should ...