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ICU Medical, Inc. (ICUI) Said to End Sale Process After Failing to Find Buyer



10/25/2013 6:39:51 AM

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ICU Medical Inc. (ICUI), the producer of intravenous medical systems that put itself up for sale in May, has ended the process without finding a buyer, two people with knowledge of the matter said. ICU, which was working with JPMorgan Chase & Co., held talks with buyers including private-equity firm GTCR LLC, one of the people said, asking not to be identified as the information is private. In its quarterly report filed this week, the San Clemente, California-based company said it incurred one-time charges of about $800,000 “associated with a strategic transaction that did not go forward,” without offering more details.

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