Philips and Masimo renew strategic partnership for patient monitoring

Royal Philips (NYSE: PHG) and Masimo (NASDAQ: MASI) announced the renewal of their multi-year strategic collaboration to develop patient monitoring solutions. The partnership will integrate Masimo's monitoring technologies, including SET pulse oximetry and Radius PPG, into Philips' patient monitoring platforms.

The collaboration aims to combine Masimo's sensor technologies with Philips' monitoring systems across bedside monitors, central stations, and wearable solutions. The companies plan to develop next-generation monitoring solutions that address clinical needs for greater patient mobility and incorporate artificial intelligence algorithms.

"Our priority is helping clinicians deliver the best possible care to their patients, and that means staying ahead of the curve," said Julia Strandberg, Executive Vice President and Business Leader Connected Care at Royal Philips. "This partnership allows us to respond quickly to evolving clinical needs and market trends, integrating proven technologies into solutions that are easy to use, reliable, and scalable."

Katie Szyman, CEO of Masimo, stated the partnership would bring Masimo's innovations in wearables and artificial intelligence to Philips' platforms. "Expanding our strong, long-standing partnership with Philips allows us to build on our shared legacies of innovation and helps ensure that Masimo's best-in-class technologies reach even more patients," Szyman said.

The renewed agreement supports vendor-neutral interoperability across healthcare systems and aligns with Philips' strategy to work with industry partners to enhance care delivery. Philips generated 2024 sales of €18 billion and employs approximately 69,300 people across more than 100 countries.

Information is based on a company press release.

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