M&A
confidence high
sentiment positive
materiality 0.90
Danaher to acquire Masimo for $180/share cash, ~$9.9B enterprise value
DANAHER CORP /DE/
- All-cash deal at $180/share; total enterprise value ~$9.9B including assumed debt.
- Represents ~18x estimated 2027 EBITDA, or 15x including full annual synergies.
- Masimo to operate as standalone company within Danaher's Diagnostics segment.
- Expected to close H2 2026; subject to Masimo shareholder and regulatory approvals.
- Expects $125M annual cost synergies and >$50M revenue synergies by year 5; EPS accretive $0.15–0.20 first year.