Masimo Corporation Board Of Directors Authorizes Management To Evaluate Separation Of Consumer Business; Expects That Separation Will Include Its Consumer Audio And Consumer Health Products; Will Retain Its Professional Healthcare And Telehealth Products; Joe Kiani Expected To Be Named Chairman Of Newly Created Company
Portfolio Pulse from Benzinga Newsdesk
Masimo Corporation's Board of Directors has authorized management to evaluate the potential separation of its consumer business, including consumer audio and health products. The company plans to retain its professional healthcare and telehealth products. Joe Kiani is expected to be named Chairman of the newly created company focusing on the consumer segment.
March 22, 2024 | 8:06 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Masimo Corporation is considering separating its consumer business, which could lead to the creation of a new company focused on consumer audio and health products, with Joe Kiani as Chairman.
The potential separation of Masimo's consumer business could unlock value for shareholders by allowing the company to focus on its core professional healthcare and telehealth products, while the new entity could capitalize on consumer health trends. This strategic move is likely to be viewed positively by the market, given the focus on core competencies and the potential for growth in the consumer health sector.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100