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BRIEF-Masimo and Philips to end all pending lawsuits
November 7, 2016 / 7:07 AM / a year ago

BRIEF-Masimo and Philips to end all pending lawsuits

Nov 7 (Reuters) - Masimo Corp and Koninklijke Philips NV :

* Philips and Masimo corporation announced a wide-ranging, multi-year business partnership involving both companies’ innovations in patient monitoring and therapy solutions

* Business partnership involves technology integration and marketing and sales cooperation in North America and certain markets in Asia and Europe

* Agreement ends all pending lawsuits between two companies and, in addition to marketing and integration commitments, includes a cash payment of $300 million by Philips to Masimo Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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