# ICU Medical to acquire Smiths Medical for $2.35 billion

ICU Medical, Inc. has agreed to acquire the Smiths Medical division from Smiths Group plc for $2.35 billion in cash and stock, plus the assumption of certain liabilities and a potential earn-out. The transaction is expected to close in the first half of 2022.

- Type: Acquisition
- Announced: 2021-09-08
- Where: United States
- Value: $2.35B
- Status: announced
- Products: syringe and ambulatory infusion devices, vascular access products, vital care products
- Sectors: [Medical Devices](https://endata.com/sectors/medical-devices.md)

## Companies

- [Smiths Group](https://endata.com/companies/11567.md)
- [ICU Medical](https://endata.com/companies/891.md) (acquirer)
- [Smiths Group](https://endata.com/companies/11567.md) (partner)
- [Smiths Group](https://endata.com/companies/11567.md) (target)
- [Smiths Medical](https://endata.com/companies/46970.md) (target)

## Sources

- [icumed.com](https://www.icumed.com/about-us/news/2021/icu-medical-to-acquire-smiths-medical/), 2021-09-08: "The addition of Smiths Medical syringe and ambulatory infusion devices, vascular access, and vital care products into ICU Medical creates a leading infusion therapy company with a stronger global reach."
- [stocktitan.net](https://www.stocktitan.net/news/ICUI/icu-medical-inc-to-acquire-smiths-medical-division-from-smiths-group-urlnqtyr5yen.html), 2021-09-08: "ICU Medical has announced its commitment to acquire Smiths Medical, expanding its infusion therapy capabilities with estimated combined revenues of $2.5 billion."
- [ocbj.com](https://www.ocbj.com/healthcare/icu-medical-makes-235b-buy/), 2021-09-08: "Together, we will be a scaled global competitor and a US-based medical device company that increases the stability of the medical supply chain and can grow as clinical care models evolve."
- [investegate.co.uk](https://www.investegate.co.uk/announcement/rns/smiths-group--smin/smiths-signs-binding-agreement-to-sell-medical/6592802), 2021-09-28: "Smiths Group plc is pleased to announce that it has exercised its previously announced put option and has now entered into a binding share purchase agreement with ICU Medical, Inc."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.