MASI - Baron Funds - Masimo Corp.: Can Potentially Double Our Investment

2024-05-05 03:30:00 ET

Summary

• Masimo Corporation is a provider of high-end vital sign monitoring equipment and software.
• The company is in the process of unwinding an unpopular consumer products acquisition, which is expected to unlock the value of its core health care business.
• Masimo's base health care business generates revenues of about $1.3 billion and has the potential to double its revenues and cash flow in the next six to seven years.

The following segment was excerpted from this fund letter.

Masimo Corporation ( MASI )

We made a new investment in Masimo Corporation , a provider of high-end vital sign monitoring equipment and software. This is a special situation investment, as it is in the process of unwinding an unpopular consumer products acquisition, which we believe will unlock the value of the core health care business....

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