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Masimo: Medical Technology

September 25, 2014

Masimo Corporation is a global medical technology company that develops and manufactures innovative noninvasive patient monitoring technologies, including medical devices and a wide range of sensors. The company was found in 1989 by Joe Kiani and is based in Irvine, California.

Masimo is responsible for the invention of award-winning noninvasive technologies that have been revolutionizing patient monitoring, including Masimo SET® pulse oximetry, Masimo Rainbow Plus CO-Oximetry and new Masimo noninvasive and continuous total hemoglobin (SpHb™) monitoring technology. The recent introduction of the first-and-only FDA-cleared technology that noninvasively and continuously measures total hemoglobin without painful needle stick and invasive blood draw is expected to open new markets and significantly expand the firm’s growth opportunities.

Masimo began as a private “garage start-up” company. Today, it has grown into a successful publicly-traded medical technology company employing more than 2,500 people worldwide with product revenues that have increased 4-fold in the last five years. Business has grown to such extent that the company now has the capability to acquire other companies as it did in March 2012 when it acquired Spire Semiconductor, LLC.

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