Acquisition to provide surgeons access to Starion's surgical devices and Hoya's strategy
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Microline Pentax, a wholly owned subsidiary of Hoya and a manufacturer of reposable instruments for minimally invasive surgery, has acquired Starion Instruments, a developer of surgical technology for sealing and dividing soft tissue. The financial terms of the agreement were not disclosed.
The acquisition is believed to provide Microline with an innovative product line that is complementary to its own and marks the company’s first foray into the cardiology and ear, nose & throat markets.
This acquisition will provide surgeons worldwide with access to Starion Instruments’s full line of advanced surgical devices and further Hoya’s strategy of building a minimally invasive surgical franchise on a global scale, said Microline Pentax.
Jean-Luc Boulnois, chairman, president and CEO of Microline, said: Starion’s technology is a strategic fit for our company since it enables us to offer surgeons and their patients an innovative tool in laparoscopy that perfectly complements our reposable product line; as a result, our expanded product portfolio will better address current and future procedure needs.
Furthermore, this acquisition presents the opportunity for us to grow our business within existing markets and simultaneously expand into new markets where Starion has experienced success to date.
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