Press release
Masimo Hosts Investor Day to Detail Next Phase of Its Growth Trajectory
Masimo’s Technological Capabilities, Track Record of Innovation and Customer-Driven Approach to Product Development Fueling Continued Growth and Entry into
About this update from Masimo Corporation
[{"type":"text","content":"\nMasimo’s Technological Capabilities, Track Record of Innovation and Customer-Driven Approach to Product Development Fueling Continued Growth and Entry into New Markets\n\n IRVINE, Calif.--(BUSINESS WIRE)--\nMasimo Corporation (Nasdaq: MASI) (“Masimo” or the “Company”) will host its Investor Day today. At the event, Masimo’s management team will provide an update on the Company’s business and strategic plans, including deep dives into its segments, sustainability and responsibility efforts and financial outlook for 2023 and beyond. Members of the leadership team will outline Masimo’s growth opportunities and strategies across consumer health, consumer audio and professional healthcare.\n\nNotably, the Company will share more details on its plans to enter new markets where it expects Masimo’s deep capabilities and extensive IP in patient monitoring technologies will allow it to offer highly differentiated products to caregivers and consumers. Masimo’s leadership will highlight how the acquisition of Sound United has accelerated the development and scaling of strategic strengths shared across healthcare and consumer health in product engineering, connected software ecosystems, product branding and marketing and distribution and customer support. These strengths are driving Masimo’s plans to unlock new markets in wearables, hearables, and telemonitoring with an aggregate TAM of more than $150 billion.\n\n“Masimo has a long history of solving complex health problems with innovative solutions that directly improve care and health outcomes,” said Joe Kiani, Chairman and Chief Executive Officer of Masimo. “Today’s consumer health offerings are inadequate to address people’s health and wellness needs, let alone their medical needs. Masimo’s unique combination of patient monitoring expertise and consumer product development capabilities position us to truly help people improve their lives and earn the right to win in these attractive new markets, while also extending our lead in our existing markets. We look forward to detailing―and more importantly executing on―our plan to do so, growing revenue and earnings in the process and writing the next chapter of our company and industry.”\n\nWebcast of Masimo Investor Day\n\nThe event will be webcast live and can be accessed through Masimo’s website: https://investor.masimo.com/events-and-pres...