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Masimo Reviews Separation of Consumer Segment -- Shares Rise After Hours
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Masimo Reviews Separation of Consumer Segment -- Shares Rise After Hours
Mar 22, 2024 2:07 PM

04:36 PM EDT, 03/22/2024 (MT Newswires) -- Masimo ( MASI ) said Friday that its board authorized the management to assess a potential separation of its consumer segment.

The separation will likely involve consumer audio and health products like Stork baby monitor and Freedom smartwatch and band, according to the company.

Masimo ( MASI ) said it will keep professional healthcare and telehealth products businesses, and expects this to enhance profitability of the healthcare business.

The company shares were up 10% in recent after-hours activity.

Price: 149, Change: +14.07, Percent Change: +10.43

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