ICU Medical, Inc. ICUI

ICUI Company Overview

ICU Medical, Inc. is a U.S.-based medical technology company that develops, manufactures, and sells medical devices used in infusion therapy, intravenous (IV) systems, oncology treatment delivery, and critical care applications. The company operates within the broader healthcare equipment and supplies industry, serving hospitals, alternate site care providers, ambulatory clinics, and pharmaceutical customers. ICU Medical’s portfolio includes infusion pumps, IV consumables, needlefree connectors, vascular access products, and oncology preparation systems designed to improve patient safety and reduce infection risks.

The company’s primary revenue drivers are its infusion systems and consumable products, with recurring revenue supported by the ongoing use of disposable medical supplies in healthcare settings. ICU Medical expanded significantly through acquisitions, most notably the acquisition of Smiths Medical from Smiths Group in 2022, which materially broadened its infusion device and vascular access portfolio. Founded in 1984 by George A. Lopez, the company initially focused on needlefree IV connectors and evolved into a diversified infusion therapy and critical care device manufacturer with global operations.