Irvine-based Masimo Corp. said Tuesday that it has bought SedLine Inc., a medical device startup that it’s invested in.
Terms of the deal weren’t disclosed.
Masimo makes patient monitoring devices and supplies.
It said that buying Irvine-based SedLine, which it provided $3.5 million worth of startup funding, will allow it to enter the market for brain function monitors and make them more available domestically and internationally.
David Goodman, SedLine’s chief executive who formerly worked with Masimo, said in January that Masimo might be interested in buying SedLine, but there was no option for it to do so in the funding deal.
SedLine’s monitor measures the effects of anesthesia and sedation on patients by analyzing, quantifying and displaying both sides of the brain’s electrical activities. The company bought the monitor in January from Lake Forest, Ill.-based Hospira Inc.
