ICU Medical competing with GE Healthcare for Medtronic units - report
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ICU Medical (ICUI) is joining with a private equity firm to compete with GE Healthcare (GEHC) as the companies try to acquire two medical technology units that Medtronic (NYSE:MDT) is selling. ICU Medical gained 2.3%.

Medtronic is said to be seeking $8 billion to $9 billion for the businesses, according to a Reuters report on Wednesday, which cited people familiar. ICU Medical (ICUI) submitted its bid along with PE firm Linden Capital Partners.
GE Healthcare (GEHC) as well as PE firms Carlyle Group (CG) and Clayton, Dubilier & Rice are also in the second round of the sales process, Reuters said.
The latest item on the Medtronic units' sale comes after Bloomberg reported in December that Siemens Healthineers AG (OTCPK:SEMHF) and the healthcare arm of General Electric (GEHC) were among companies in the race to acquire two businesses that Medtronic (MDT) is spinning.
In October Medtronic (MDT) said it would separate the company's combined Patient Monitoring and Respiratory Interventions businesses over the next 12 â 18 months.