Smiths Medical won't be sold after all; parent company calls off merger talks

Smiths Group has called off talks that could have resulted in the merger of its Minnesota-based medical-device unit with a California company. In a statement, London-based Smiths said it and San Clemente, Calif.-based ICU Medical Inc. couldn’t agree on terms of a deal.  “Smiths Medical will continue to capitalize on the increased investment that it is making in new product development,” said Andy Reynolds Smith, CEO of Smiths Gro up, in a news release. “We remain confident that our strategy…
Source: bizjournals.com Health Care:Physician Practices headlines - Category: American Health Authors: Source Type: news