NEW YORK San Clemente, California-based medical device provider ICU Medical Inc (ICUI.O) is considering a sale that could fetch more than $1 billion, according to a Bloomberg News report Wednesday morning.
The maker of intravenous medical equipment has tapped J.P. Morgan Chase & Co (JPM.N), according to the report, which cited people familiar with the manner.
ICU's discussions about a possible sale are still early and the company is gauging interest, according to the report.
A JPMorgan spokeswoman declined to comment. An ICU spokesman did not immediately return requests for comment.
(Reporting By Jessica Toonkel; Editing by Gerald E. McCormick)