Fierce Biotech March 25, 2024
Masimo has received a go-ahead from its board of directors to carve out its consumer-focused businesses, slimming itself down to focus on professional patient monitoring devices and telehealth platforms.
The company said it will now “evaluate the proposed structure” for a newly created company that will house its portfolio of home audio brands—including Marantz, Denon, Polk and more, which it acquired through its $1 billion purchase of Sound United in 2022—as well as its high-tech Stork baby monitor system and its line of health-focused smartwatches.
Masimo Chairman and CEO Joe Kiani, however, is expected to play double duty, the company said in its announcement—continuing in those positions for the healthcare business while also serving as chairman of the new...
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