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)  January 29, 2007

                                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

          (Former name or former address, if changed since last report)

     Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions (see General Instruction A.2. below):

     |_|  Written communications pursuant to Rule 425 under the Securities Act
          (17 CFR 230.425)

     |_|  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
          CFR 240.14a-12)

     |_|  Pre-commencement communications pursuant to Rule 14d-2(b) under the
          Exchange Act (17 CFR 240.14d-2(b))

     |_|  Pre-commencement communications pursuant to Rule 13e-4(c) under the
          Exchange Act (17 CFR 240.13e-4(c))


Item 2.02      Results of Operations and Financial Condition

               ICU Medical, Inc. announced its earnings for the fourth quarter
               and year-end 2006.

Item 9.01      Financial Statements and Exhibits

        (c)    Exhibits

        99.1   Press release, dated January 29, 2008 announcing ICU Medical,
               Inc.'s fourth quarter and year-end 2006 earnings.


     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:  January 29, 2007

                                              ICU MEDICAL, INC.

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