Medical supply company Masimo is considering a joint venture as it looks to split off its consumer business, The Wall Street Journal reported March 25.
CEO Joe Kiani told the news outlet a potential partner has reached out but did not specify the entity.
Masimo is a California-based healthcare device company that sells consumer health products, including baby monitors, opioid use disorder safety items and fitness tracker watches; and professional healthcare products, including pulse oximeters, brain monitoring, and airway and gas monitoring technologies. It also offers home audio systems and earbuds.
The company is deliberating separating its consumer business in a traditional spinoff, which could take about a year, or with a faster joint venture, according to the Journal.