Masimo completed the acquisition of connected care business from NantHealth for a $47m.

Masimo, an American manufacturer of non-invasive patient monitoring technologies, completed its acquisition of connected care business from NantHealth, a healthcare cloud-based information technology company, for a $47m. "One of the strategic priorities for Masimo is, through our Hospital Automation solutions, to reduce clinician cognitive overload and reduce errors of omission. Through connectivity, predictive algorithms, and decision support, we hope to improve the continuum of great care. The connectivity assets we are acquiring are completely in line with our mission as they will help accelerate our internal growth initiatives in this area. Not only does Connected Care immediately increase our customer footprint but also provides us with products which complement our current portfolio. As a result, we are very excited to welcome the Connected Care’s talented team to Masimo and look forward to realizing our vision together," Joe Kiani, Masimo Founder, Chairman, and CEO.