Masimo Completes Sale of Consumer Audio Business to HARMAN International

Core Viewpoint - Masimo has completed the sale of its Sound United consumer audio business to HARMAN International, a subsidiary of Samsung Electronics, marking a significant step in its strategy to concentrate on its core professional healthcare business [1]. Company Summary - The sale of Sound United is described as an important milestone for Masimo, indicating a strategic shift towards enhancing its focus on professional healthcare [1]. - Katie Szyman, the CEO of Masimo, emphasized that moving past the Sound United sale allows the company to concentrate more effectively on its primary business objectives [1].