Healthcare Industry News:  Pulse Oximetry 

Devices Monitoring Licensing

 News Release - January 31, 2011

Covidien and Masimo Announce Extension of Royalty Agreement

MANSFIELD, Mass.--(Healthcare Sales & Marketing Network)-- Covidien (NYSE:COV ) and Masimo today announced that they have amended the existing settlement agreement initially reached in January 2006. Under the terms of the amendment, Covidien will pay Masimo a royalty of 7.75% for its current Pulse Oximetry products sold in the United States for three years, beginning March 15, 2011.

About Covidien

Covidien is a leading global healthcare products company that creates innovative medical solutions for better patient outcomes and delivers value through clinical leadership and excellence. Covidien manufactures, distributes and services a diverse range of industry-leading product lines in three segments: Medical Devices, Pharmaceuticals and Medical Supplies. With 2010 revenue of $10.4 billion, Covidien has approximately 42,000 employees worldwide in more than 60 countries, and its products are sold in over 140 countries. Please visit to learn more about our business.

Source: Covidien

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