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ICU Medical is in exclusive talks with private equity shop GTCR about a possible leveraged buyout, Bloomberg reports.

Report: ICU Medical enters exclusive talks on private-equity buyout

ICU Medical (NSDQ:ICUI) is in exclusive talks with a Chicago-based private equity shop, GTCR LLC, about a leveraged buyout, unnamed sources told Bloomberg BusinessWeek.

The private equity firm has raised up to $750 million to back the takeover, according to a person "familiar with the matter," the magazine reported.

Shares of ICU Medical shot to an all-time high last May after news surfaced of a possible buyout worth $1 billion.

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