Sound United, a US based conglomerate that owns audio companies such as Marantz, Bowers & Wilkins, Denon, Polk Audio, and Boston Acoustics, has been purchased by Masimo Corporation for $1.4 billion. Masimo is a global medical technology company that manufactures non-invasive medical monitors, devices and sensors.
Joe Kiani, CEO of Masimo, said “The Sound United transaction aligns with Masimo’s priorities, objectives and vision by advancing our strategy of enabling connected monitoring across both the hospital and home. We see significant opportunities to cross-leverage technologies, bringing Masimo’s clinically superior solutions into the home and on-the-go as well as bringing Sound United’s premium technologies into the hospital to advance our hospital automation connectivity and cloud-based technologies. The technology and expertise within Sound United will serve us well as we aim to augment our Masimo SafetyNet strategy. Their well-established reputation and presence in the home can help us accelerate adoption of our wearables, and integrated, home-based telemedicine solutions.”