ICU Medical (ICUI -0.2%) agrees to acquire Pursuit Vascular, a privately-held medical device company focused on catheter disinfecting products and technologies.
Deal is valued at $75M with an additional earnout payment potentially due in 2021.
Pursuit Vascular’s 2019 annual revenues are estimated to be ~$10M – $12M, with margins comparable to the existing ICU Medical IV consumables business.
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