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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001019687-03-000772.txt : 20030416
<SEC-HEADER>0001019687-03-000772.hdr.sgml : 20030416
<ACCEPTANCE-DATETIME>20030415215205
ACCESSION NUMBER:		0001019687-03-000772
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20030415
ITEM INFORMATION:		Other events
ITEM INFORMATION:		Financial statements and exhibits
FILED AS OF DATE:		20030416

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ICU MEDICAL INC/DE
		CENTRAL INDEX KEY:			0000883984
		STANDARD INDUSTRIAL CLASSIFICATION:	SURGICAL & MEDICAL INSTRUMENTS & APPARATUS [3841]
		IRS NUMBER:				330022692
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19974
		FILM NUMBER:		03651608

	BUSINESS ADDRESS:	
		STREET 1:		951 CALLE AMANECER
		CITY:			SAN CLEMENTE
		STATE:			CA
		ZIP:			92769
		BUSINESS PHONE:		9493662183

	MAIL ADDRESS:	
		STREET 1:		951 CALLE AMANELER
		CITY:			SANCLEMENTE
		STATE:			CA
		ZIP:			92769
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>icu_8k-041503.txt
<TEXT>

<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 8-K

                                 CURRENT REPORT
                       PURSUANT TO SECTION 13 OR 15(d) OF
                       THE SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported)     April 15, 2003
                                                     --------------


                                ICU MEDICAL, INC.

             (Exact name of registrant as specified in its charter)

          DELAWARE                       0-19974                 33-0022692
          --------                       -------                 ----------
(State or other jurisdiction     (Commission File Number)     (I.R.S. Employer
     of incorporation)                                       Identification No.)

951 Calle Amanecer, San Clemente, California                       92673
- --------------------------------------------                       ------
          (Address of principal executive offices)               (Zip Code)


                                 (949) 366-2183
                                 --------------
               Registrant's telephone number, including area code


                                       N/A
                                       ---
          (Former name or former address, if changed since last report)

<PAGE>


                    INFORMATION TO BE INCLUDED IN THE REPORT


Item 5.  Other Events

         ICU Medical, Inc. announced that it is considering payment of a
         dividend.


Item 7.  Financial Statements and Exhibits

        (c)       Exhibits

         99.1     Press release, dated April 15, 2003 announcing that ICU
                  Medical, Inc. is considering a dividend.


                                   SIGNATURES

         Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.

Date:  April 15, 2003

                                                 ICU MEDICAL, INC.


                                                 /s/ Francis J. O'Brien
                                                 ----------------------
                                                 Francis J. O'Brien
                                                 Secretary, Treasurer and
                                                 Chief Financial Officer


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>icu_8kex99-1.txt
<TEXT>
<PAGE>


                                                                    Exhibit 99.1


[ICU MEDICAL, INC. LOGO HERE]


ICU MEDICAL, INC. TO CONSIDER DIVIDEND


         APRIL 15, 2003, SAN CLEMENTE, CALIFORNIA --ICU Medical, Inc.,
(NASDAQ/NMS:ICUI), the San Clemente based maker of safe medical connectors and
custom intravenous systems, today announced that it has engaged a financial
advisor to advise it with respect to the payment of a cash dividend. ICU Medical
has not paid dividends in the past. Dr. George A. Lopez, Chairman and Chief
Executive Officer, commented, "We continue to generate cash in our operations
and want to explore passing some of it out to our shareholders."


         ICU Medical, Inc. has approximately $80 million, or almost six dollars
per share, in cash and liquid investments and no debt and had an operating cash
flow of over $20 million last year. The company has not determined the amount of
any dividend or whether it would pay other dividends in the future.


         The foregoing statement concerning Management's expectation with
respect to future results is a forward looking statement based upon the best
information currently available to Management and assumptions Management
believes are reasonable, but Management does not intend the statement to be a
representation as to future results. Future results are subject to risks and
uncertainties, including the risk factors described in the Company's filings
with the Securities and Exchange Commission, which include those in the Form 8-K
dated February 15, 2002. Actual results in the future may differ materially from
Management's current expectations.


CONTACT:          Francis J. O'Brien
                  Chief Financial Officer
                  ICU Medical, Inc.
                  (949) 366-2183


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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