S
SIA Health
Surgical Innovation Associates, Inc. (SIA) is now part of Integra LifeSciences, a leader in medical tech, innovating treatments to restore patients' lives
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 dataAt 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
Knowledge graph
More headlines
Funding history
Company financing events and reported valuations.
| Deal type | Date | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| ACQUISITION✓Exit | Dec 2022 | $50M | $50M | Integra LifeSciences | ↗ |
| SERIES B✓Equity / VC | Dec 2021 | $15M | $60M | Pioneer Healthcare Partners | ↗ |
Growth signals
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.
Similar companies
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Investments and acquisitions
Recent portfolio relationships for companies that also act as investors or acquirers.
Investors
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- PPPioneer Healthcare Partners
Other known investors5 additional known investors
Integra LifeSciences
Cavendish Impact Capital
First Leaf Capital
New York Angels
TiE SoCal Angels
Source: Dealroom Talent Intelligence.
Global footprint
team presence
Market sentiment
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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