Masimo will move forward with a proposal by Chairman and CEO Joe Kiani to separate the medtech developer from its consumer business. Kiani would remain chair and CEO of Irvine, California–based Masimo and serve as chair of the new consumer company, which includes Sound United parent company Viper Holdings that Masimo bought for $1.025 billion […]
Sound United
Masimo beats Street in Q1 — even with ‘unexpected’ supply chain issues
Masimo (Nasdaq:MASI) stock is up today, a day after first-quarter results that topped the consensus forecast. MASI shares were up more than 5% at $124.05 apiece by the late morning. MassDevice’s MedTech 100 Index — which includes stocks of the world’s largest medical device companies — was down slightly. The Irvine, California-based company posted profits […]
Masimo completes acquisition of Sound United
Masimo (Nasdaq:MASI) announced today that it completed its previously announced acquisition of Sound United. Irvine, California-based Masimo announced in February that it would spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Wall Street’s response saw Masimo’s stock drop by 35%, with analysts unsure about the consumer tech acquisition, saying it […]
Investors may have overreacted over Masimo
The Street appears to be reassessing its reaction to Masimo’s plans to spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Masimo (NASDAQ:MASI) stock lost a third of its value the day after the patient monitoring tech company announced its acquisition plans this week. While MASI shares are still down more than […]
Masimo stock falls as The Street ponders $1B Sound United acquisition
Masimo (NSDQ:MASI) stock lost a third of its value the morning after the company said it would spend $1.025 billion to acquire Viper Holdings, the parent company of Sound United. Sound United is behind consumer tech brands making high-end sound and home theater systems, including Bowers & Wilkins, Denon, Polk Audio and Marantz. “We see […]
