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Masimo's (MASI) Sound United Buyout to Boost Product Portfolio
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Masimo Corporation (MASI - Free Report) recently completed the previously announced (February this year) buyout of Sound United — a leading consumer technology company and owner of numerous premium audio and home entertainment brands. In fact, iconic consumer brands like Polk Audio and Bowers & Wilkins, to name a few, are operated by Sound United and are sold globally.
Following the closing of the acquisition, Sound United will function as a division of Masimo under its existing leadership out of the Carlsbad, CA-based headquarters.
It is worth mentioning here that the financial outlook related to this buyout will be given during Masimo’s first-quarter earnings release on May 3, 2022.
This buyout is likely to provide a boost to Masimo’s robust and broad portfolio of hospital and home medical technology solutions.
Significance of the Acquisition
The combination of Masimo’s experience in advanced signal processing, biosensing, and photonics technologies and Sound United’s audio and home automation technologies will provide natural and yet non-intuitive solutions to people in homes and hospitals worldwide.
Through this buyout, Masimo will receive support from Sound United’s expertise throughout consumer channels to advance the distribution of the combined company’s broad portfolio of consumer-facing healthcare products.
Image Source: Zacks Investment Research
From Sound United’s perspective, the company’s iconic audio brands will gain from Masimo’s expanded organizational resources to bolster long-term innovation and development.
Market Prospects
Per a report by Grand View Research, the global smart medical devices market is projected to reach $24.46 billion by 2025. Hence, this announcement comes at an opportune time for Masimo.
Recent Developments
In March, Masimo announced the findings of a favorable study; wherein researchers assessed the impact of non-invasive and continuous hemoglobin monitoring with Masimo SpHb on perioperative transfusion management and postoperative patient outcomes in pediatric patients undergoing fronto-orbital advancement surgery. The results of the retrospective study were published in the Journal of Clinical Monitoring and Computing.
In the same month, the company announced a major expansion of its leading hospital remote patient-monitoring and clinician notification platform — Masimo Patient SafetyNet. The expansion includes the addition of secure telehealth capabilities, thereby making the solution more adaptable and comprehensive.
Price Performance
Shares of the Zacks Rank #3 (Hold) company have lost 42.6% in a year’s time compared with the industry’s decline of 3.7%.
Stocks to Consider
Some better-ranked stocks from the broader medical space that investors can consider are AMN Healthcare Services, Inc. (AMN - Free Report) , McKesson Corporation (MCK - Free Report) and Henry Schein, Inc. (HSIC - Free Report) .
AMN Healthcare has an estimated long-term growth rate of 16.2%. AMN’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 20%. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AMN Healthcare has gained 38.4% against the industry’s decline of 57.7% over the past year.
McKesson, carrying a Zacks Rank #2 (Buy), has an estimated long-term growth rate of 11.9%. MCK’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 20.6%.
McKesson has appreciated 70.5% compared with the industry’s rise of 7.6% over the past year.
Henry Schein has an estimated long-term growth rate of 11.8%. HSIC’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 25.5%. It currently has a Zacks Rank #2.
Henry Schein has surged 30.8% compared with the industry’s rally of 7.6% over the past year.
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Masimo's (MASI) Sound United Buyout to Boost Product Portfolio
Masimo Corporation (MASI - Free Report) recently completed the previously announced (February this year) buyout of Sound United — a leading consumer technology company and owner of numerous premium audio and home entertainment brands. In fact, iconic consumer brands like Polk Audio and Bowers & Wilkins, to name a few, are operated by Sound United and are sold globally.
Following the closing of the acquisition, Sound United will function as a division of Masimo under its existing leadership out of the Carlsbad, CA-based headquarters.
It is worth mentioning here that the financial outlook related to this buyout will be given during Masimo’s first-quarter earnings release on May 3, 2022.
This buyout is likely to provide a boost to Masimo’s robust and broad portfolio of hospital and home medical technology solutions.
Significance of the Acquisition
The combination of Masimo’s experience in advanced signal processing, biosensing, and photonics technologies and Sound United’s audio and home automation technologies will provide natural and yet non-intuitive solutions to people in homes and hospitals worldwide.
Through this buyout, Masimo will receive support from Sound United’s expertise throughout consumer channels to advance the distribution of the combined company’s broad portfolio of consumer-facing healthcare products.
Image Source: Zacks Investment Research
From Sound United’s perspective, the company’s iconic audio brands will gain from Masimo’s expanded organizational resources to bolster long-term innovation and development.
Market Prospects
Per a report by Grand View Research, the global smart medical devices market is projected to reach $24.46 billion by 2025. Hence, this announcement comes at an opportune time for Masimo.
Recent Developments
In March, Masimo announced the findings of a favorable study; wherein researchers assessed the impact of non-invasive and continuous hemoglobin monitoring with Masimo SpHb on perioperative transfusion management and postoperative patient outcomes in pediatric patients undergoing fronto-orbital advancement surgery. The results of the retrospective study were published in the Journal of Clinical Monitoring and Computing.
In the same month, the company announced a major expansion of its leading hospital remote patient-monitoring and clinician notification platform — Masimo Patient SafetyNet. The expansion includes the addition of secure telehealth capabilities, thereby making the solution more adaptable and comprehensive.
Price Performance
Shares of the Zacks Rank #3 (Hold) company have lost 42.6% in a year’s time compared with the industry’s decline of 3.7%.
Stocks to Consider
Some better-ranked stocks from the broader medical space that investors can consider are AMN Healthcare Services, Inc. (AMN - Free Report) , McKesson Corporation (MCK - Free Report) and Henry Schein, Inc. (HSIC - Free Report) .
AMN Healthcare has an estimated long-term growth rate of 16.2%. AMN’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 20%. It currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
AMN Healthcare has gained 38.4% against the industry’s decline of 57.7% over the past year.
McKesson, carrying a Zacks Rank #2 (Buy), has an estimated long-term growth rate of 11.9%. MCK’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 20.6%.
McKesson has appreciated 70.5% compared with the industry’s rise of 7.6% over the past year.
Henry Schein has an estimated long-term growth rate of 11.8%. HSIC’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 25.5%. It currently has a Zacks Rank #2.
Henry Schein has surged 30.8% compared with the industry’s rally of 7.6% over the past year.