Masimo Corporation
Masimo Announces Sale of Consumer Audio Business to HARMAN for $350M
Summary
On May 6, 2025, Masimo Corporation announced the entry into a definitive Stock Purchase Agreement with Harman International, Inc., for the sale of its Sound United consumer audio business for an aggregate purchase price of $350 million in cash. The transaction, expected to close by the end of 2025, is subject to customary closing conditions, including regulatory approvals. This strategic move supports Masimo's focus on its core professional healthcare business. A press release detailing the transaction was issued and filed as Exhibit 99.1.
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Exhibits (1)
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About Masimo Corporation
Masimo Corporation is a global leader in noninvasive monitoring technologies, specifically focusing on developing innovative medical devices that improve patient outcomes and reduce the cost of care. The company's flagship product line includes advanced signal processing pulse oximetry devices, which are pivotal in accurately measuring oxygen levels, pulse rate, and other vital signals without the need for invasive procedures. Masimo's technology is widely adopted across various healthcare settings including hospitals, outpatient treatment centers, and alternative care sites, enhancing patient monitoring and aiding clinicians in detecting potential health issues more efficiently. Besides, Masimo’s products are recognized for their precision and reliability, demonstrating robustness even in challenging clinical environments where motion and low perfusion can affect monitoring accuracy. The corporation is committed to expanding its technological suite, covering a spectrum of health monitoring solutions that contribute to improved healthcare practices globally. Based in Irvine, California, Masimo's ongoing innovation continues to set benchmarks in the healthcare industry, influencing a wide range of sectors from emergency care to surgical and critical care monitoring.
Official SEC Documents
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