ICU Medical Acquires Pursuit Vascular
November 4, 2019
ICU Medical, Inc. agreed to acquire Pursuit Vascular, Inc. for $75 million plus a potential earnout, bringing the ClearGuard HD antimicrobial catheter cap into ICU Medical’s consumables portfolio. The acquisition expands ICU Medical’s infection-prevention product offerings and distribution channels (domestic and international); Pursuit Vascular’s 2019 revenue was an estimated $10–12 million.
- Buyers
- ICU Medical, Inc.
- Targets
- Pursuit Vascular, Inc.
- Industry
- Medical Devices
- Location
- Minnesota, United States
- Transaction Type
- Buyout
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