ICU Medical
{{Short description|Medical technology company}}
{{Advert|date=April 2018}}
{{Infobox company
| name = ICU Medical, Inc.
| logo =
| type = Public
| traded_as = {{Unbulleted list|{{NASDAQ|ICUI}}|S&P 600 component}}
| foundation = {{start date and age|1984}}
| location = San Clemente, California, United States
| products = Infusion pumps, solutions, sets, and needlefree connectors; critical care monitoring products and systems; oncology drug delivery systems
| num_employees = Approximately 12,000
| revenue = $2.28 billion (2022 est){{cite web|url=https://www.yahoo.com/lifestyle/icu-medical-full-2022-earnings-101540407.html#:~:text=ICU%20Medical%20(NASDAQ%3AICUI)%20Full%20Year%202022%20Results&text=Revenue%3A%20US%242.28b%20(up,m%20profit%20in%20FY%202021). | title=ICU Medical Full Year 2022 Earnings: Beats Expectations | date=March 2023 }}
| website = {{URL|icumed.com}}
}}
ICU Medical, Inc. is a medical technology company based in San Clemente, California. ICU Medical products are designed to prevent bloodstream infections and protect healthcare workers from exposure to infectious diseases or hazardous drugs.{{cite web|url=https://finance.yahoo.com/q/pr?s=ICUI |title=ICUI Profile | ICU Medical, Inc. Stock - Yahoo! Finance |publisher=Finance.yahoo.com |date= |accessdate=2012-06-19}} ICU Medical product line includes intravenous therapy (IV) products, pumps, needle-free vascular access devices, custom infusion sets, closed system hazardous drug handling devices and systems, sensor catheters, needle-free closed blood sampling systems, and hemodynamic monitoring systems.{{cite web|url=http://www.icumed.com/ |title=ICU Medical - Human Connections |publisher=Icumed.com |date= |accessdate=2012-06-19}}
ICU Medical products are designed to prevent bloodstream infections and protecting healthcare workers from exposure to infectious diseases or hazardous drugs. In addition, the company's IV medication compounding and delivery products are designed to improve medication and dosing accuracy and improve clinical workflows. In 2014 ICU Medical was named one of the 100 Most Trustworthy Companies in America by Forbes Magazine.{{cite web|url=https://www.forbes.com/sites/kathryndill/2014/03/18/americas-100-most-trustworthy-companies/2/|title=America's 100 Most Trustworthy Companies|first=Kathryn|last=Dill|website=forbes.com|accessdate=30 April 2018}}
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.{{cite web|url=http://www.icumed.com/about.asp |title=Company Overview | ICU Medical - Human Connections |publisher=Icumed.com |date= |accessdate=2012-06-19}}
In 2006, ICU Medical introduced its first products for oncology. The ChemoClave system from ICU Medical is a closed system transfer device (CSTD) that allows pharmacists and nurses to safely mix and administer hazardous drugs used to treat cancer patients without exposing themselves to these drugs.{{cite web|author=ChemoClave™ |url=http://www.icumed.com/products/oncology.aspx |title=Oncology | ICU Medical - Human Connections |publisher=Icumed.com |date=2011-11-04 |accessdate=2012-06-19}}
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.{{cite web|url=http://www.hospirainvestor.com/phoenix.zhtml?c=175550&p=irol-newsArticle&ID=1306059&highlight= |title=Hospira - Investor Relations - News Release |publisher=Hospirainvestor.com |date= |accessdate=2012-06-19}} File:ICU IV 1.jpg File:Diana System.jpg File:ICU Critical Care 1.jpg In February 2017 ICU Medical also acquired the Hospira Infusion Systems business from Pfizer.{{cite web|url=https://www.thestreet.com/story/13945291/1/icu-medical-wins-big-cut-in-price-for-pfizer-s-hospira.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo|title=ICU Medical Wins Big Price Cut to Buy Pfizer's Hospira Unit|first=Sarah|last=Pringle|date=6 January 2017|website=thestreet.com|accessdate=30 April 2018}}
Products
ICU Medical's Neutron device aims to reduce catheter occlusion caused by external factors such as connecting and disconnecting a luer, or patient vascular pressure changes caused by coughing, sneezing, crying or vomiting. In clinical use, Neutron is suggested to reduce the incidence of catheter occlusion by 50%.{{cite web|url=http://www.infectioncontroltoday.com/news/2011/10/icu-medical-launches-needlefree-catheter-patency-device-to-reduce-catheter-occlusions.aspx |title=ICU Medical Launches Needlefree Catheter Patency Device to Reduce Catheter Occlusions |publisher=Infectioncontroltoday.com |date=2011-10-04 |accessdate=2012-06-19}}
In 2015, ICU Medical acquired Excelsior Medical Corporation, a manufacturer of healthcare devices used to disinfect and protect access into a patient's bloodstream. Acquired products included the SwabCap and SwabFlush, as well as pre-filled saline and heparin flush syringes. The total purchase price for Excelsior was $59.5 million, however ICU immediately sold the operating assets of SwabFlush and pre-filled syringe businesses to Medline Industries, Inc. for $27 million.{{cite web|url=http://www.massdevice.com/icu-medical-medline-split-59-5-excelsior-medical-buy/|title=ICU Medical, Medline split $59.5 Excelsior Medical buy|website=www.massdevice.com|accessdate=30 April 2018|date=2015-10-08}}
=Oncology=
ICU Medical's oncology product line is designed specifically to keep healthcare workers and patients safe from exposure to hazardous drugs.{{cn|date=November 2024}} In 2012, the company introduced the Diana Hazardous drug compounding system, a user-controlled automated system that helps protect clinicians from exposure to hazardous drugs and accidental needlesticks while protecting the patient preparation from exposure to environmental contaminants.{{cite web|url=http://jerryfahrni.com/2012/12/cool-pharmacy-technology-diana-hazardous-drug-compounding-system/|date=|accessdate=2013-01-11|title=Archived copy|archive-date=2013-08-27|archive-url=https://web.archive.org/web/20130827133512/http://jerryfahrni.com/2012/12/cool-pharmacy-technology-diana-hazardous-drug-compounding-system/|url-status=dead}}
=Critical care=
ICU Medical's line of critical care products provides real-time hemodynamic monitoring, blood conservation solutions, oximetry catheter technology that helps optimize oxygen supply and demand, critical care catheters with no natural rubber latex components, and hemodynamic transducer kits. In addition, ICU Medical's line of advanced sensor catheters, having no natural rubber latex components, helps keep patients safe from potentially lethal allergic reactions.{{cn|date=November 2024}}
References
{{Reflist}}
External links
- [http://www.icumed.com Corporate Website]
{{Authority control}}
Category:Companies listed on the Nasdaq
Category:1984 establishments in California
Category:American companies established in 1984
Category:Health care companies established in 1984
Category:Medical technology companies of the United States
Category:Health care companies based in California