ICU Medical is acquiring Smith's Medical, which makes medical devices such as syringes, IVs and vascular access catheters. As payment, ICU Medical will issue 2.5 million shares worth $500 million and pay $1.85 billion in cash. The agreement also includes a contingent consideration of $100 million, subject to stock price performance and other conditions. The deal is scheduled to close in 1H 2022.
ICU Medical is acquiring Smith's Medical, which makes medical devices such as syringes, IVs and vascular access catheters. As payment, ICU Medical will issue 2.5 million shares worth $500 million and pay $1.85 billion in cash. The agreement also includes a contingent consideration of $100 million, subject to stock price performance and other conditions. The deal is scheduled to close in 1H 2022. 
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