Masimo announced today that it appointed Timothy Scannell and Wendy Lane to its board of directors. The appointments go into effect immediately, expanding Masimo’s board to eight directors. Last month, Masimo founder and CEO Joe Kiani resigned after activist investor Politan Capital Management ousted him as board chair. Kiani said before the vote that he […]
Masimo
Masimo picks interim CEO as Kiani resigns following board battle defeat
Masimo issued a news release today confirming the resignation of founder and CEO Joe Kiani after last week’s shareholder vote that ousted him from the position of board chair. Shares of Masimo ticked up 6.5% to $134.34 apiece in early-morning trading today. The Irvine, California-based company said it picked Michelle Brennan, a current member of […]
Politan declares victory in Masimo board battle, claiming founder and CEO Joe Kiani’s seat
Politan Capital Management says it has won control of the Masimo board — including the seat held by founder, CEO and Chair Joe Kiani — following today’s vote by shareholders at the device developer’s annual meeting. Irvine, California–based Masimo has not yet released an official tally of the votes from yesterday — results of which public […]
Masimo CEO Joe Kiani faces shareholder vote today
Masimo shareholders today will decide on a bitter proxy fight between the company’s founder and CEO Joe Kiani and Politan Capital Management. In July, the digital health pioneer delayed its annual shareholders meeting to Sept. 19, so it had time to sue Politan in federal court in California over accusations of material misstatements in communications […]
Masimo has more potential suitors for consumer audio business
Masimo announced today it now has multiple potential suitors for its consumer audio business. The San Diego–based digital health pioneer previously disclosed that an undisclosed potential joint venture partner had offered a $850–950 million purchase price for a majority stake in its consumer business. Masimo officials planned to negotiate for a better price. In an […]
FDA clears Masimo W1 medical watch for telemonitoring connectivity
Masimo announced today that the FDA granted 510(k) clearance for its W1 medical watch for connectivity purposes. Clearance allows for the watch to integrate with the Masimo SafetyNet comprehensive telemonitoring system. Last fall, the FDA cleared the W1 watch, which provides continuous oxygen saturation (SpO2) and pulse rate (PR) for over-the-counter and prescription use at […]
Masimo files lawsuit against activist investor Politan to correct ‘material misstatements’
Masimo announced today that it commenced litigation against Politan Capital Management in their ongoing proxy fight. The company also set a new date for its 2024 annual meeting of stockholders. Irvine, California-based Masimo’s meeting is now scheduled for Sept. 19, 2024, in an effort to “ensure that the vote of the company’s stockholders is fair […]
Masimo gets nearly $1B offer for consumer business joint venture
Masimo (Nasdaq: MASI) says an undisclosed potential joint venture partner is offering an $850–950 million purchase price for a majority stake in its consumer business. That’s less than the $1.025 billion that Masimo spent in 2022 to acquire Viper Holdings, the parent company of Sound United and its high-end audio and home theater systems. Masimo […]
Masimo engineers say they may resign if Politan ousts CEO Kiani
Nearly 300 Masimo Healthcare Engineering employees may leave the company if Politan Capital Management ousts founder and CEO Joe Kiani. That’s according to one of the latest batch of proxy soliciting materials from the digital health pioneer’s management. The company is engaged in a bitter proxy fight with Politan ahead of the company’s July 25 […]
Masimo COO plans to resign if Politan wins proxy fight
The proxy fight between Masimo (Nasdaq: MASI) and Politan Capital Management continues to heat up ahead of the digital health pioneer’s July 25 shareholders meeting. In an SEC filing last week, Masimo said COO Bilal Muhsin has informed the board’s lead independent director that he will resign if CEO Joe Kiani is removed. “I strongly […]
Masimo launches sleep analysis function for W1 wearable
Masimo (Nasdaq:MASI) announced today that it added a new sleep analysis feature for its W1 advanced health tracking wearable. Sleep Halo, a scientifically based sleep analysis function, offers overnight sleep data tracking. It offers more than 70,000 daily measurements of second-by-second continuous health data. The technology uses Masmio’s continuous pulse oximetry and machine learning to […]
