On August 12, 2024, Stryker (NYSE: SYK), a prominent player in medical technologies, announced a definitive agreement to acquire care. ai, a privately owned company specializing in AI-assisted virtual care workflows, smart room technology, and ambient intelligence solutions. This acquisition will enhance Stryker's healthcare IT offering and its range of wirelessly connected medical devices. The demand for this growing segment has become increasingly critical as Stryker's customers face challenges such as nursing shortages, employee retention issues, overworked staff, and concerns about workplace safety. By integrating care. ai's complementary technology into the Vocera platform and Stryker's devices, customers can access an enterprise-wide ecosystem that enables dynamic clinical workflows, advancing the development of smart care facilities. The platform and sensors provided by care. ai enable various AI-assisted workflows that can create a responsive and personalized healthcare environment, allowing caregivers to dedicate more time to patients. Andy Pierce, Group President of MedSurg and Neurotechnology at Stryker, emphasized the company's commitment to its customers.

He stated, "This acquisition highlights our dedication to providing customers with real-time, smart, and connected decision-making tools that enhance the lives of caregivers and their patients, furthering our healthcare IT and digital vision. " The acquisition is subject to customary closing conditions, and until the transaction is complete, Stryker and care. ai will continue to operate as separate entities, conducting business as usual. About Stryker: Stryker is a global leader in medical technologies, working alongside its customers to improve healthcare worldwide. The company offers innovative products and services in MedSurg, Neurotechnology, Orthopaedics, and Spine, aiming to enhance patient and healthcare outcomes. Stryker impacts over 150 million patients annually. Further information can be found at www. stryker. com. Media contact: Meghan Menz Senior Director, Communications meghan. menz@stryker. com