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Profile: Masimo Corp (MASI.OQ)

MASI.OQ on NASDAQ Stock Exchange Global Select Market

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17 Aug 2017
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Masimo Corporation, incorporated on May 7, 1996, is a medical technology company that develops, manufactures and markets a range of non-invasive patient monitoring technologies. The Company's business is Measure-through Motion and Low Perfusion pulse oximetry monitoring, known as Masimo Signal Extraction Technology (SET) pulse oximetry. Its product offerings include non-invasive monitoring of blood constituents with an optical signature, optical organ oximetry monitoring, electrical, brain function monitoring, acoustic respiration monitoring and exhaled gas monitoring. In addition, the Company has developed the Root patient monitoring and connectivity platform, the Radical-7 bedside and portable patient monitor, and the Radius-7 wearable wireless patient monitor. It has also developed the Patient SafetyNet remote patient surveillance monitoring system, which allows patients to be monitored through a personal computer (PC)-based monitor or by care providers through their pagers, voice-over-Internet Protocol (IP) phones or smartphones.

The Company's solutions and related products are based upon its Masimo SET and rainbow algorithms. These technologies are incorporated into a range of product platforms depending on its customer's specifications. In addition, the Company provides its technologies to original equipment manufacturers (OEMs) in a form factor to integrate into their patient monitors, defibrillators, infant incubators and other devices. The Company has also licensed from Cercacor Laboratories, Inc. (Cercacor) the right to OEM rainbow technologies and to incorporate rainbow technology into its products intended to be used by professional caregivers, including hospital caregivers and alternate care facility caregivers. The Company develops, manufactures and markets patient monitoring technologies that incorporate a monitor or circuit board and sensors, including single-patient use, reusable and rainbow ReSposable sensors and patient cables. The Company also offers remote alarm or monitoring solutions, software and connectivity solutions. The Company provides its products directly and through distributors and OEM partners to hospitals, emergency medical service (EMS) providers, long-term care facilities, physician offices, veterinarians and consumers.

The Company's patient monitoring solutions include circuit boards and modules; monitors and devices; patient monitoring and connectivity platform; sensors; line filters and mainstream adapters; remote alarm and monitoring solutions; measurements, and connectivity. The Company's consumer monitoring solutions include devices. The Company's circuit boards include Masimo SET MS Circuit Boards, Masimo rainbow SET MX Circuit Boards and uSpO2 Cable/Board. The Company's Masimo SET MS Circuit Boards perform signal processing and other pulse oximetry functions incorporating the Masimo SET platform. Its boards include MS-2003, MS-2011, MS-2013 and MS-2040. The MX circuit boards offer the functionality of its rainbow technology for non-invasive measurements for total hemoglobin (SpHb), oxygen content (SpOC), carboxyhemoglobin (SpCO), methemoglobin (SpMet) and acoustic respiration rate (RRa), in addition to providing Measure-Through-Motion and Low Perfusion oxygen saturation (SpO2), pulse rate (PR) and perfusion index (Pi) measurement capabilities of Masimo SET pulse oximetry. The uSpO2 cable/board provides Masimo SET Measure-Through-Motion and Low Perfusion pulse oximetry found in its other products.

The Company's monitors or devices include Radical-7, SatShare, Radius-7, Root, Iris, Pronto, Rad-8, Rad-5, Rad-57, Rad-97, MightySat Rx, SedLine MOC-9 Module, O3 MOC-9 Module, NomoLine Capnography and Gas Monitoring, and uSpO2 Cable/Board. The Radical-7 incorporates its MX circuit board, which enables rainbow SET measurements and offers three-in-one capability that can be used as a standalone device for bedside monitoring; a detachable, battery-operated handheld unit for portable monitoring, and a monitor interface through SatShare. The Radical-7 is a wireless, touch screen device, which is on an upgradeable rainbow SET platform. Radical-7 monitors a patient from the ambulatory environment, to the emergency room, to the operating room, to the general floor and on, until the patient is discharged. Root integrates its rainbow and SET measurements with additional measurements through Masimo Open Connect (MOC-9) in an integrated, clinician-centric platform. Iris connectivity in Root enables third-party devices, such as intravenous pumps and ventilators to connect through Root enabling display, notification and documentation to the electronic medical record through Masimo Patient SafetyNet application.

The Company's Radius-7 for the Root is a wearable, wireless monitor with its rainbow SET technology, enabling early identification of clinical deterioration. With rainbow SET non-invasive measurements, Radius-7 with Root can alert clinicians at the bedside or remotely, through Masimo Patient SafetyNet, of critical changes in a patient's oxygen saturation and pulse rate, even during states of motion and low perfusion, as well as respiration through RRa. The Company's SatShare technology enables a conventional monitor to receive continuous measurement updates using Masimo SET through a cable connection from the back of Radical-7 to the sensor input port of the conventional monitor. Pronto is a handheld non-invasive multiparameter testing device that uses Masimo rainbow SET technology to provide oxygen saturation, pulse rate, perfusion index and spot-checking of hemoglobin levels for both hospitals, such as emergency departments, and remote settings, such as physician offices. Rad-8 is a bedside pulse oximeter featuring Masimo SET. Its Rad-5 and Rad-5v are handheld oximeters with Masimo SET.

The Company's Rad-57 is a handheld Pulse CO-Oximeter that provides non-invasive measurement of hemoglobin, carboxyhemoglobin and methemoglobin, in addition to oxygen saturation, pulse rate and perfusion index. Its rugged and lightweight design makes it applicable for use in hospital and field settings, specifically for fire departments and emergency medical service units. Rad-97 is a standalone monitor that features Measure-through Motion and Low Perfusion pulse oximetry, pulse rate and perfusion index. Additional monitoring solutions, such as the rainbow SET measurements total hemoglobin, methemoglobin, acoustic respiration rate, carboxyhemoglobin and oxygen content, can be added to Rad-97. MightySat Rx is a fingertip pulse oximeter that incorporates Masimo SET Measure-through Motion and Low Perfusion technology.

The Company offers SedLine monitor that measures brain function on a continuous basis. The SedLine MOC-9 module for Root is an electroencephalogram (EEG)-based brain function monitor that provides information about a patient's response to anesthesia. O3 MOC-9 Module for Root uses near-infrared spectroscopy (NIRS) to detect regional hypoxemia by continuously measuring tissue oxygen saturation (rSo2), automating the differential analysis of regional to central oxygen saturation. The Company offers a portfolio of capnography and gas monitoring products ranging from external plug-in-and-measure capnography and gas analyzers, integrated modules, and handheld capnograph and capnometer devices. These products offer carbon dioxide (CO2), nitrogen dioxide (N2O), oxygen (O2) and anesthetic agent monitoring in hospital environments. Its SET technology-in-a-cable contains the Company's low power (MS-2040) technology in a reduced size, allowing it to be embedded into patient cables as part of the sensor connector.

The Company has a range of single-patient use (disposable), reusable, and rainbow sensors and cables. As of December 31, 2016, the Company had over 100 different types of sensors. Masimo SET sensors are designed to reduce interference from physiological and non-physiological noise. Its reusable sensors are primarily used for short-term, spot-check monitoring. SofTouch Sensors are designed with less adhesive or no adhesive at all for compromised skin conditions. These include single-patient sensors for newborns and multi-site reusable sensors for pediatrics and adults. The Company has two sensor lines specifically designed for trauma and resuscitation situations, as well as for newborns. Blue Sensors are sensors used to monitor arterial blood oxygen saturation levels in cyanotic infants and children with abnormally low oxygen saturation levels. E1 Ear Sensor is designed for field emergency medical services utilization. TFA-1 Adhesive Forehead Sensor can combine Masimo SET performance and central monitoring to provide access and responsive assessment of oxygenation, for hospitals desiring forehead monitoring with a disposable sensor.

The Company has multi-wavelength sensors for use with its rainbow Pulse CO-Oximetry products. Rainbow sensors are available in single-patient use, rainbow ReSposable and reusable spot-check sensor types. The rainbow DCI-mini is the non-invasive hemoglobin (SpHb) spot-check sensor for infants and small children (weight 3 to 30 kilograms). Paired with its handheld Pronto device, the rainbow DCI-mini sensors help clinicians to spot-check hemoglobin levels in infants and small children. The Company's rainbow Acoustic Sensors detect the sounds associated with breathing and convert the sounds into continuous respiration rate using signal processing that is based on Masimo SET. The SedLine sensor is a disposable sensor that collects EEG data for its SedLine monitor, and is used with the SedLine MOC-9 module for the root patient monitor. rainbow Universal ReSposable SuperSensor is a non-invasive sensor to provide simultaneous monitoring of SpHb, SpCO, SpMet, SpfO2, SpOC, Pi, Pleth Variability Index (PVi), and Measure-through Motion and Low Perfusion SpO2, and pulse rate. It also offers reprocessed sensors.

The Company's remote alarm and monitoring solutions consist of Masimo Patient SafetyNet, which is a remote monitoring and clinician notification system. It routes bedside-generated alarms through a server to a clinician's handheld paging device in real-time. The Company's MightySat fingertip pulse oximeter for personal use provides oxygen saturation and pulse rate measurements. In addition to standard SpO2, PR and Pi measurements, MightySat is also available with optional respiration rate (RRp) and PVi, a measure of the dynamic changes in the Pi that occur during one or more complete respiratory cycles.

The Company competes with Medtronic plc.

Company Address

Masimo Corp

52 Discovery
IRVINE   CA   92618-3105
P: +1949.2977000
F: +1949.2977499

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