Masimo Corporation, a medical technology company based in Irvine, California, is considering separating its consumer business from its core healthcare operations. The proposed separation would create a new entity for consumer audio and health products, while Masimo would continue to focus on its professional healthcare and telehealth solutions. The decision aims to enhance the focus and profitability of Masimo's healthcare products. Joe Kiani, the current Chairman and CEO of Masimo, is expected to lead both the existing and the new company once the separation is complete. The company is currently going through the due diligence process and plans to finalize the separation promptly, pending regulatory approvals and the completion of definitive agreements. Masimo is known for its extensive product portfolio, which includes advanced patient monitoring systems, sensors, and connectivity solutions. The planned separation is subject to various conditions, including regulatory review and the approval of filings with the Securities and Exchange Commission [93d7ffbe].