Masimo Corporation (MASI) No Longer on the Hunt for Big Deals

9/21/2012 9:01:25 AM

Masimo CEO Joe Kiani walks back from earlier comments that the Irvine, Calif.-based patient monitoring solutions company is looking to make a splash on the M&A front. Masimo (NSDQ:MASI) CEO Joe Kiani told investors today that the medical device company isn't weighing any more big moves on the mergers & acquisitions front, a pivot from comments he made earlier this year. Kiani, speaking at Irvine, Calif.-based Masimo's investor day in New York City, said that although he was "bullish" earlier in the year that the company would make some moves on the acquisition front, he has since pulled back from that position.

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