Irvine-based patient monitor maker Masimo Corp. said today that it has signed a deal with GE Healthcare, the United Kingdom-based unit of General Electric Co. in Stamford, Conn.
Masimo shares closed up 6% to a market value of about $1.3 billion.
The agreement calls for GE to incorporate Masimo’s Rainbow SET technology into its patient monitoring products.
Rainbow SET offers additional physiological data on patients that can help doctors assess them and detect adverse conditions much earlier, according to Masimo.
