ICU Bankruptcy Amended: ICU Medical Inc., an...

ICU Bankruptcy Amended: ICU Medical Inc., an Irvine-based maker of protective products for health-care workers, said U.S. Bankruptcy Court in Santa Ana has approved its amended plan for reorganization. The plan calls for ICU to pay in cash all claims allowed by the court at 100% of the claim amount, plus interest. The original plan put forth by ICU management was to sell 90% of the company to a French concern for $25 million, said David Moore, ICU’s controller. While hammering out the details, the company’s profits soared to $2.9 million and ICU shareholders rejected the plan, saying the company has earned enough cash to pay its creditors, which originally were owed $9 million.