Danaher Said to Near $10 Billion Deal for Masimo, FT Reports

Danaher Corp. is nearing a roughly $10 billion deal to acquire US medical technology firm Masimo Corp., the Financial Times reported, citing unidentified people familiar with the matter.

An agreement could be announced as soon as Tuesday and would value Masimo, a maker of patient monitoring systems, at a premium to its almost $7 billion market capitalization at Friday’s close, the newspaper said. Neither Danaher nor Masimo immediately responded to the FT’s requests for comment.