DHR · 10-Q · 2026Q2 · Full report
Masimo Acquisition
DANAHER CORP /DE/ · 2026-07-21 · Importance 71 · Surprise 60 · In source text
On June 10, 2026, Danaher acquired all outstanding Masimo common stock for approximately $9.8 billion in cash, or $180 per share, net of cash acquired. Masimo develops monitoring technologies, sensors and patient monitors for primarily healthcare customers and became part of Danaher’s Diagnostics segment. Masimo generated approximately $1.5 billion of revenue in 2025, and Danaher expects the acquisition to expand product-line diversity and create additional sales and earnings opportunities, including acute-care offerings. Danaher financed the purchase with cash on hand, long-term debt and commercial paper and preliminarily recorded approximately $5.0 billion of goodwill.
Key facts
- On June 10, 2026, the Company acquired Masimo by acquiring all of the outstanding shares of Masimo’s common stock for a cash purchase price of approximately $9.8 billion, or $180.00 per share, net of cash acquired. source
- Cash paid for acquisitions was $(9,843) million for the six-month period ended June 26, 2026 and $— for the six-month period ended June 27, 2025. source
- Net cash used in investing activities increased approximately $9.9 billion in the six-month period ended June 26, 2026 compared to the comparable period of 2025, primarily as a result of higher cash paid for acquisitions in 2026 related to the Masimo Acquisition. source
- The acquisition of Masimo preliminarily recorded approximately $5.0 billion of goodwill related to the Masimo Acquisition. source
- Masimo develops and produces monitoring technologies and is now part of the Company’s Diagnostics segment. source
- Masimo generated revenues of approximately $1.5 billion in 2025. source
- The Company expects the Masimo Acquisition to provide additional sales and earnings opportunities by expanding product line diversity including new product offerings supporting acute care settings. source
- The Company used proceeds from debt financing to pay a portion of the purchase price for the Masimo Acquisition. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -10.7% | Cash paid for acquisitions was $(9,843) million for the six-month period ended June 26, 2026 and $— for the six-month period ended June… |
| assets | positive | realized | +5.4% | The acquisition of Masimo preliminarily recorded approximately $5.0 billion of goodwill related to the Masimo Acquisition. |
| revenue | positive | probable | — | The Company expects the Masimo Acquisition to provide additional sales and earnings opportunities by expanding product line diversity… |
| net_income | positive | probable | — | The Company expects the Masimo Acquisition to provide additional sales and earnings opportunities by expanding product line diversity… |
| liability | negative | realized | — | The Company used proceeds from debt financing to pay a portion of the purchase price for the Masimo Acquisition. |