Med device maker Starion sells to Microline, bringing varying returns

Starion Instruments, a medical device maker based in Sunnyvale, Calif., has been acquired by surgical tool provider Microline Pentax, bringing in generous returns for some of its investors, while leaving others at break even, reports VentureWire. Financial details of the deal haven’t been disclosed.

Starion’s backers included Atherton Venture Partners, Johnson & Johnson Development, St. Paul Venture Capital, Tyco Ventures and WTI Ventures. While it remained in stealth through most of its existence, the company was able to raise $9.2 million in capital in its first two rounds and enough to bump it over $20 million in an undisclosed third round.

The deal should be beneficial to both companies, a spokesperson told VentureWire. Starion will finally have an established distribution network for its products, and Microline will gain instruments specific to cardiology, and ear, nose and throat operations that it previously lacked. Microline is a subsidiary of Japanese conglomerate Hoya.

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