ICU Medical, Inc. to acquire Smiths Medical division from Smiths Group plc for $2.35 billion in cash and stock plus the assumption of certain liabilities and a stock price performance-based earn-out

SAN CLEMENTE, Calif. and LONDON, Sept. 08, 2021 (GLOBE NEWSWIRE) -- ICU Medical, Inc. (NASDAQ: ICUI) and Smiths Group plc (LSE: SMIN.L “Smiths” or the “Group”) today announced that ICU Medical has committed1 to acquire the Smiths Medical division in a transaction that is superior to the existing proposed sale of Smiths Medical to Trulli Bidco Limited. The Smiths Medical business includes syringe and ambulatory infusion devices, vascular access, and vital care products. When combined with ICU Medical’s existing businesses, the combined companies will be a leading infusion therapy company with estimated pro forma combined revenues of approximately $2.5 billion.