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ICU Medical Outbids Private Equity Firm To Acquire Smiths Medical

 
• By Reed Miller

ICU Medical will pay about $500m in stock, $1.85bn in cash, and assume certain liabilities to acquire the medical division of Smiths Group. Smiths is also eligible for $100m in milestone payments from ICU Medical. The deal is better than the $2.3bn offer Smiths got from a subsidiary of private equity firm TA Associates earlier in August.

Insulin Infusion Pump - Diabetes Icon Set
• Source: Alamy

Smiths Group has agreed to sell Smiths Medical to ICU Medical for up to $2.45bn.

Smiths Medical markets syringe and ambulatory infusion devices, vascular access, and vital care products while ICU Medical focuses on infusion...

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• By Natasha Barrow

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• By Brian Bossetta

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