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Masimo Corp. (MASI) – 30% Rise from Initial Public Offering Last Month

Masimo’s shares have rapidly gained in price since the company’s beginning on the public markets. Masimo Corporation is a medical technology company focused on developing, licensing and marketing advanced medical signal processing technologies and products for noninvasive monitoring of patient vital signs.

Thursday of last week, the company announced that it has completed University of Wisconsin Hospital and Clinics’ system-wide implementation of Masimo SET pulse oximetry. The University of Wisconsin Hospital and Clinics is a 471-bed facility that ranks among the finest academic medical centers in the United States.

Joe E. Kiani, Chairman and CEO of Masimo, stated in the press release, “We are proud to partner with The University of Wisconsin Hospitals and Clinics in their efforts to provide their patients with exceptional level of safety and care. This is clearly an organization that is focused on patients and understands the importance of adopting innovative technology to assist them in enhancing the quality of the care they deliver. The opening of the new American Family Children’s Hospital, which is designed to give the best and kindest care possible, are examples of UW Hospitals and Clinics’ commitment in this area. Their system-wide conversion to Masimo SET technology will further advance patient safety and care throughout this fine organization.”

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