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Masimo Closes Acquisition of Sound United

Masimo (Nasdaq: MASI) has completed its acquisition of consumer electronics company Sound United, the Irvine-based medical technology company (Nasdaq: MASI) announced Apr. 12.

Sound United—which operates brands like Marantz, Bowers & Wilkins and Denon–will operate as a division of Masimo under its existing leadership from its Carlsbad headquarters. The combined company will develop consumer-facing healthcare products, officials said.

“We are thrilled to add Sound United’s premium technology, established consumer channels, and well-known brands to Masimo’s broad portfolio of hospital and home medical technology solutions,” Masimo’s Founder and CEO Joe Kiani said in a statement.

“We believe Masimo’s expertise in advanced signal processing, biosensing, and photonics technologies combined with Sound United’s audio and home automation technologies will bring about natural and yet non-intuitive solutions to people around the globe in home and in hospitals.”

Following the announcement, Masimo’s shares fell 0.3% to $139.26 apiece for a $7.7 billion market cap.

Financial guidance associated with the acquisition will be released during the company’s first quarter earnings call on May 3.

For more exclusive details on Masimo’s plans post-acquisition, see the April 11 print edition of the Business Journal.

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Audrey Kemp
Audrey Kemp
Audrey Kemp is a staff reporter and occasional photojournalist for the Orange County Business Journal. Her beats include — but are not limited to — healthcare, startups, and education. While pursuing her bachelors in literary journalism at UC Irvine, she interned for New York-based magazine Narratively Inc., wrote for Costa Mesa-based lifestyle magazine Locale, and covered the underground music scene for two SoCal-based music publications. She is an unwavering defendant of the emdash and the Oxford comma.
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