M&A Deal Summary

Stryker Acquires care.ai

On August 12, 2024, Stryker acquired information technology company care.ai from Crescent Cove

Acquisition Highlights
  • This is Stryker’s 1st transaction in the Information Technology sector.
  • This is Stryker’s 32nd transaction in the United States.
  • This is Stryker’s 4th transaction in Florida.

M&A Deal Summary
Date 2024-08-12
Target care.ai
Sector Information Technology
Buyer(s) Stryker
Sellers(s) Crescent Cove
Deal Type Add-on Acquisition

Target

care.ai

Orlando, Florida, United States
care.ai is a developer of a sensor-based technology designed to predict, prevent, and protect, optimizing the patient and provider experience and ultimately powering more human care. care.ai was founded in 2019 and is based in Orlando, Florida.

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Buyer(S) 1

Buyer

Stryker

Kalamazoo, Michigan, United States
Category Company
Founded 1941
Sector Medical Products
Employees52,000
Revenue 20.5B USD (2023)
DESCRIPTION
Stryker's corporate headquarters in Kalamazoo, Michigan.
Stryker's corporate headquarters in Kalamazoo, Michigan.

Stryker is a medical technology company. Stryker's products include implants used in joint replacement and trauma surgeries; surgical equipment and surgical navigation systems; endoscopic and communications systems; patient handling and emergency medical equipment; neurosurgical, neurovascular and spinal devices; as well as other medical device products used in a variety of medical specialties. Stryker was founded in 1941 and is based in Kalamazoo, Michigan.

DEAL STATS #
Overall 47 of 48
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 41 of 42
State (Florida) 4 of 4
Country (United States) 32 of 33
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-03 Artelon

Sandy Springs, Georgia, United States

Artelon provides soft tissue fixation products for foot and ankle and sports medicine procedures. Artelon was formed in 2013 and is headquartered in Sandy Springs, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-22 Vertos Medical

Aliso Viejo, California, United States

Vertos Medical is a privately held company providing a minimally invasive solution for treating chronic lower back pain caused by lumbar spinal stenosis. Vertos Medical is based in Aliso Viejo, California.

Buy -

Seller(S) 1

SELLER

Crescent Cove

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2016
Size Small
Type Sector Agnostic
DESCRIPTION

Crescent Cove is a private equity firm focused on investments in founder-led technology companies. The Firm invests in a variety of industries including business services, information technology, software, and technology hardware. Crescent Cove was founded in 2016 and is headquartered in San Francisco, California.

DEAL STATS #
Overall 2 of 2
Sector (Information Technology) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Florida) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-21 Lambda

San Francisco, California, United States

Lambda designs the worlds most advanced GPU systems and cloud services for deep learning. Lambda was founded in 2012 and is based in San Francisco, California.

Buy -
Mergr

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