CEO tells WSJ Masimo may look at joint venture for consumer spilt

Masimo may opt for a joint venture as it looks to split off its consumer business, The Wall Street Journal’s Ben Glickman reports. The company, which said Friday it would separate its smart-watch and baby-monitor business, has been approached by a potential partner, Chief Executive Joe Kiani said in an interview with The Wall Street Journal on Monday. Kiani said the company is considering what the potential partner is offering, but cannot disclose what the entity is, the author notes. Masimo may decide to separate its consumer business with a traditional spinoff, which involves distributing shares of the new company to existing shareholders. Kiani says that process could take about a year. A joint venture would likely be much faster, he says.