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SIA Health

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Surgical Innovation Associates, Inc. (SIA) is now part of Integra LifeSciences, a leader in medical tech, innovating treatments to restore patients' lives

Chicago, United StatesFounded 2014Health Tech & Medtech
Valuation $50–100M Last recorded · 2022
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for SIA Health and the history behind them.

About SIA Health

Surgical Innovation Associates (SIA), now part of Integra LifeSciences, was established in 2016 as a spin-out from Northwestern University. The company was founded by Dr. Alexei Mlodinow, Todd Cruikshank, and Dr. John Kim, who invented the core technology. Dr. Mlodinow, a surgeon by training with an MD/MBA from Northwestern University, was inspired to create a better surgical mesh after his mother's mastectomy. He led the company as its founding CEO, securing significant equity and NIH funding and guiding it through key regulatory milestones.

The firm's primary business revolves around the development and commercialization of advanced bioresorbable medical devices for plastic and reconstructive surgery. SIA's flagship product is DuraSorb®, a resorbable, monofilament mesh designed to provide temporary soft tissue support during the critical phases of healing before being completely absorbed by the body within about a year. This approach addresses the potential long-term complications associated with permanent implants. DuraSorb® gained FDA 510(k) clearance for soft tissue support in late 2018, CE Mark approval in Europe in 2020 for various reconstructive and aesthetic procedures, and began its commercial launch in the U.S. in 2020.

The company's business model focused on direct sales and partnerships to introduce its products into hospitals and surgical centers, targeting plastic and reconstructive surgeons. After demonstrating significant revenue growth since its 2020 commercial launch, SIA was acquired by Integra LifeSciences in December 2022. The deal was valued at up to $140 million, consisting of a $50 million upfront payment with an additional $90 million contingent on revenue and regulatory milestones. This acquisition integrates SIA's synthetic mesh technology with Integra's portfolio, aiming to establish a leading position in the implant-based breast reconstruction market.

Source: Dealroom company data

At a glance

Status
Acquired
Founded
2014
Headquarters
Chicago, United States
Employees
23
Open positions
None listed
Dealroom signal
61.0/100
Industry
Health
Sub-industry
Medical Devices
Sector
Health Tech & Medtech, medical implants, Surgery, Hard Tech, DT and LS, science-based
Technology
Deep Tech
Business model
Manufacturing
Client focus
b2b

Funding history

4 recorded events

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
ACQUISITION✓Exit Dec 2022 $50M $50M Integra LifeSciences ↗
SERIES B✓Equity / VC Dec 2021 $15M $60M Pioneer Healthcare Partners ↗
Showing the latest 2 of 4 recorded eventsBook a demo for the full funding history →

Growth signals

SIA Health website traffic

Latest recorded traffic for SIA Health is 220 monthly website visits, down 75.6% over the last three months. SIA Health's team declined 25.8% over the past year.

Latest monthly visits220 3-month web change-75.6% 1-year team growth-25.8%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

8 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Gopher Angels
  • Harvard Business School Angels Chicago
  • Pioneer Healthcare Partners

Other known investors5 additional known investors

  • Integra LifeSciences
  • Cavendish Impact Capital
  • First Leaf Capital
  • New York Angels
  • TiE SoCal Angels
Team profiled 3 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇺🇸 United States100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about SIA Health on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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