Masimo to acquire Connected Care portfolio

IRVINE and CULVER CITY, Calif. - Masimo will acquire the Connected Care assets of NantHealth for $47.25 million in cash. The deal will further Masimo's goal to help hospitals improve the continuum of care through automation, connectivity and innovative noninvasive monitoring technologies. "One of the strategic priorities for Masimo is, through our Hospital Automation solutions, to reduce clinician cognitive overload and reduce errors of omission,” said Joe Kiani, founder, chairman and CEO of Masimo. "Not only does Connected Care immediately increase our customer footprint but also provides us with products which complement our current portfolio.” NantHealth's Connected Care solutions provide medical device interoperability to hospitals and health systems. The transaction is expected to close in the first quarter of 2020.