Philips, Masimo announce renewed multi-year strategic collaboration

Royal Philips (PHG) and Masimo (MASI) announced that the two companies have renewed their multi-year strategic collaboration, marking a fresh chapter in their long-standing partnership. The two companies are taking a new approach in accelerating the development and delivery of next-generation patient monitoring solutions. “We are excited to continue to partner with Philips to bring Masimo’s newest innovations in wearables and artificial intelligence to Philips’ platforms,” said Katie Szyman, CEO of Masimo. “Expanding our strong, long-standing partnership with Philips allows us to build on our shared legacies of innovation and helps ensure that Masimo’s best-in-class technologies reach even more patients. Together, Masimo and Philips will continue to empower clinicians to transform patient care.”