STAT+: Masimo’s CEO on battling Apple for the health wearable market

It’s been a chaotic three years for Masimo CEO Joe Kiani. 

First came the pandemic, and with it, a dramatic uptick in demand for Masimo’s pulse oximetry devices. Then came the patient monitoring company’s 2022 acquisition of Sound United, a consumer audio business, which perplexed investors and sent Masimo stocks crumbling. At the same time, Masimo has launched a coordinated legal battle against Apple, alleging the tech giant stole trade secrets to use in the Apple Watch. The latest effort ended in a mistrial last week. 

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