ICU Medical Inc. (ICUI) is considering a sale of the medical products company and is working with J.P. Morgan Chase & Co. (JPM) on the process, Bloomberg News reported Wednesday on its website, citing people familiar with the matter.

The search for a suitor is in the early stages, Bloomberg reported.

A representative for ICU declined immediate comment to Bloomberg and didn't immediately respond to a request from Dow Jones Newswires for comment.

A spokesman for J.P. Morgan declined comment to Bloomberg.

Full story at: www.bloomberg.com/news/2013-05-08/icu-said-to-explore-sale-that-may-fetch-more-than-1-billion-1-.html

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