ICU Medical

#3696

Rank

$3.25B

Marketcap

United States

Country

Leadership team

Mr. Brian Michael Bonnell (CFO & Treasurer)

Mr. Vivek Jain (CEO & Chairman)

Mr. Christian B. Voigtlander (Chief Operating Officer)

Products/ Services

Manufacturing, Medical Device

Number of Employees

1,000 - 20,000

Headquarters

San Clemente, California, United States

Established

1984

Company Registration

SEC CIK number: 0000883984

Revenue

Above - 1B

Traded as

ICUI

Social Media

URL

https://www.icumed.com

Overview

Location

Recognition and Award

References

Summary

ICU Medical, Inc., together with its subsidiaries, develops, manufactures, and sells medical devices used in infusion therapy and critical care applications worldwide. The company's infusion therapy products include needlefree products under the MicroClave, MicroClave Clear, and NanoClave brands; Neutron catheter patency devices; SwabCap and SwabTip disinfecting caps; Tego hemodialysis connectors; ClearGuard HD, an antimicrobial barrier cap for hemodialysis catheters; and ChemoClave and ChemoLock closed system transfer devices, as well as Diana hazardous drug compounding system for the preparation of hazardous drugs. It also provides IV therapy and diluents, such as sodium chloride, dextrose, balanced electrolyte solutions, lactated ringer's, ringer's, mannitol, sodium chloride/dextrose, and sterile water; and irrigation comprising sodium chloride and sterile water irrigation, physiologic solutions, ringer's irrigation, acetic acid irrigation, glycine irrigation, sorbitol-mannitol irrigation, flexible containers, and pour bottle options. The company offers infusion pumps under the Plum 360 and LifeCare PCA brands; IV mediation safety software, including ICU Medical MedNet, an enterprise-class medication management platform that connects smart pumps to hospital's electronic health records, asset tracking systems, and alarm notification platforms; and related professional services. It also provides critical care products, such as Cogent 2-in-1 and CardioFlo hemodynamic monitoring systems; TDQ and OptiQ cardiac output monitoring catheters; TriOx venous oximetry catheters; Transpac blood pressure transducers; and SafeSet closed blood sampling and conservation systems. The company sells its products to acute care hospitals, wholesalers, ambulatory clinics, and alternate site facilities, including outpatient clinics, home health care providers, and long-term care facilities. ICU Medical, Inc. was founded in 1984 and is headquartered in San Clemente, California.

History

The company was founded in 1984 by George "Doc" Lopez, MD who developed a product known as the ClickLock to better secure IV lines after he lost a patient due to an accidental disconnect. The ClickLock consisted of a protected needle and locking housing that prevented health care workers from being accidentally stuck by the I.V. needles.In 2006, ICU Medical introduced its first products for oncology. The ChemoClave system from ICU Medical is a closed system transfer device that allows pharmacists and nurses to safely mix and administer hazardous drugs used to treat cancer patients without exposing themselves to these drugs.

ICU Medical acquired the former Abbott Laboratories Critical Care business from Hospira in 2009 following a four-year business arrangement in which ICU acted as the manufacturer of the Hospira critical care product line. The acquisition allowed ICU to obtain new manufacturing space in Salt Lake City, Utah, while it also broadened the company's footprint in the hospital marketplace with products designed for use in high acuity clinical settings like the operating room and intensive care unit. With the February 2017 acquisition of the Hospira Infusion Systems business from Pfizer, ICU Medical became one of the leading pure-play infusion companies.

Mission

ICU Medical’s mission is to provide high-quality, reliable, cost-effective products that improve patient care and safety.

Vision

ICU Medical's vision is to be the leader in the global medical device industry, providing innovative products that improve the quality of care and meet the needs of healthcare providers.

Key Team

Ms. Virginia Ruth Sanzone (Corp. VP, Gen. Counsel, Sec. & Compliance Officer)

Recognition and Awards

ICU Medical has earned many awards, including the Taxpayers of California Award, the Red Cross Supplier Award, and The Medical Design Excellence Award. The company has also been recognized as one of the top 100 corporate charitable contributors in Orange County, California.