Danaher to Buy Medical Tech Firm Masimo for $9.9 Billion

The Masimo Freedom smartwatch.Source: Masimo Corp.

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By Stuart Biggs and Miquéla V Thornton

February 17, 2026 at 1:08 PM UTC

Updated on

February 17, 2026 at 3:15 PM UTC

Danaher Corp. agreed to buy Masimo Corp., in a deal with an enterprise value of about $9.9 billion, allowing it to gain a foothold in the medical supply business.

Danaher will pay $180 per share in cash for Masimo, close to a 40% premium over the closing share price on Friday, according to a statement Tuesday. The transaction is expected to be completed in the second half of the year.