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Masimo Announces Adoption of Stock Repurchase Program
Date:8/9/2011

IRVINE, Calif., Aug. 9, 2011 /PRNewswire/ -- Masimo (NASDAQ: MASI) today announced that its Board of Directors has authorized the repurchase of up to 3 million shares of the company's common stock. The stock repurchase program may be carried out at the direction of the company through open market purchases, block trades, and in privately negotiated transactions. The repurchase program will become effective on August 12, 2011 and is expected to continue for a period of 24 months unless it is terminated earlier by the Board of Directors. Any repurchases will be subject to the availability of stock, general market conditions, the trading price of the stock, alternative uses for capital and the company's financial performance. The company expects to fund the stock repurchase program through its available cash.

Joe Kiani, Chairman and Chief Executive Officer of Masimo, said: "This stock repurchase program underscores our continued belief and optimism in Masimo's long-term growth prospects, as well as our commitment to return value to our stockholders. Our management team and Board of Directors have a strong conviction in our growth prospects, business model and cash flow generation capability, and we believe that the stock represents an attractive value relative to our future outlook."

About MasimoMasimo (NASDAQ: MASI) is the global leader in innovative noninvasive monitoring technologies that significantly improve patient care—helping solve "unsolvable" problems. In 1995, the company debuted Measure-Through Motion and Low Perfusion pulse oximetry, known as Masimo SET®, which virtually eliminated false alarms and increased pulse oximetry's ability to detect life-threatening events. More than 100 independent and objective studies demonstrate Masimo SET provides the most reliable S
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Related medicine technology :

1. New Research Shows Masimo Perfusion Index (PI) Effective in the Noninvasive Detection of Congenital Heart Defects (CHD) in Newborns
2. New Clinical Studies Presented at the 14th World Congress of Anesthesiology Demonstrate Masimo Advancements in Patient Care
3. New NIH-Funded Study Shows Masimo Rainbow SET(R) May Help Clinicians Assess Oxygenation in Children With Sickle Cell Disease
4. New Studies Presented at European Society of Anaesthesia Further Validate Masimo PVI(TM) for Noninvasive and Continuous Fluid Monitoring
5. Masimo to Report Third Quarter 2009 Financial Results on November 3, 2009
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8. CareFusion Signs Multi-Year Technology Licensing Agreement for Masimo Rainbow SET(R) Pulse CO-Oximetry(TM)
9. St.Vincent Hospital Renews Multi-Year, System-wide Contract for Masimo SET(R) Pulse Oximetry Technology
10. Masimo Expands its Irvine, California Corporate Headquarters to Accommodate Growth Projections
11. Masimo to Present at the 28th Annual J.P. Morgan Healthcare Conference
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