Healthcare Triangle Plans North American Humanoid Nursing Robot Venture

Healthcare Triangle, Inc. and AI World signed a nonbinding memorandum to form a North American joint venture for humanoid nursing robots, Healthcare Triangle said in a press release. Healthcare Triangle would own 70% of the venture, while AI World would own 30%.

The proposed venture would hold the intellectual property and North American distribution rights for robots designed to assist hospital patients with toileting, cleaning and hygiene care under clinical supervision. Healthcare Triangle would lead funding, manufacturing arrangements, sales and distribution through its network of more than 140 hospital relationships. AI World would provide technology transfer, manufacturing support, engineering and software support.

The companies plan to seek regulatory clearances and conduct clinical validation and hospital pilots before commercial deployment. The memorandum is nonbinding apart from provisions including exclusivity and confidentiality. Forming the venture remains subject to due diligence, definitive agreements, board approvals and regulatory clearances.