Audio product developer Sound United has entered into a definitive agreement to be acquired by medical tech company Masimo Corporation, where it will accelerate distribution of Masimo’s expanding portfolio of consumer products.
Masimo develops, manufactures, and markets a variety of noninvasive monitoring technologies for hospital and home settings. Sound United’s platform offers global distribution across online, retail and custom installation channels; a cloud-connected home ecosystem; and an R&D function focused on creating high-quality consumer products.
“I have long been a fan (and proud owner) of Sound United’s iconic brands and am honored to steward them through the next generation of technological evolution,” says Joe Kiani, Masimo founder, chair, and CEO. “Masimo shares Sound United’s commitment to providing innovative, best-in-class products and experiences, with a relentless focus on improving the consumer experience.”
The combined Masimo and Sound United seeks to create stronger relationships with consumers and deliver high-quality consumer products.
“We’re excited about this transaction and see significant potential in combining our expertise in consumer electronics and audio engineering with Masimo’s strengths in healthcare and monitoring,” says Kevin Duffy, CEO of Sound United. “With our track record of industry-first innovation, best-in-class products, and a global distribution network, we are the ideal partner for Masimo to transform the consumer healthcare experience. I look forward to working with the Masimo team to enrich the lives of consumers.”