Revenue ($USD) : $2,035,800,000
R&D spend : $191,400,000.00
Employees : 4,000
Fiscal year end : 12/31/22
CEO : Joe Kiani

Masimo shareholders ousted two members of the device developer’s board after a heated battle by activist investor Politan Capital Management.

Politan called for more board oversight and was critical of Masimo’s $1 billion acquisition of Sound United and its high-end music and entertainment system brands.

Masimo founder, Chair and CEO Joe Kiani and his team argue that the deal will enable Masimo to turn millions of home entertainment systems into health hubs.

Analysts wonder whether there could be a strengthened case to separate Sound United.

Other top Masimo news includes the unveiling of its Freedom smartwatch for continuous health tracking earlier this year. –CN