Masimo Corp

SWB:3M4

Masimo makes patient-monitoring equipment used by hospitals and other care settings. Its best-known products measure things like blood oxygen, pulse rate, and other vital signs through sensors and monitors that help clinicians track patients during surgery, in intensive care, and in general hospital care. The company also sells some consumer health devices and related accessories. It makes money mainly by selling monitoring systems, disposable sensor cables, and other recurring-use parts that work with its devices. Hospitals and healthcare providers are the main customers, along with distributors and some consumers for its home-use products. This gives Masimo a mix of upfront equipment sales and repeat sales of consumables. What makes Masimo different is that it sits in a key spot inside the hospital monitoring chain: its technology is built into devices that doctors and nurses rely on for continuous readings. That makes the business less like a one-time equipment seller and more like a long-term supplier tied to the daily use of its own sensors and monitors.