The Indiana-based company blamed a looming tax on medical devices as the reason for scrapping the expansion plans.
The Affordable Care Act imposed the tax of 2.3 percent on medical devices beginning in 2013. Cook Medical claimed the tax would cost the company $15-$30 million a year. The company’s vice president for federal affairs said the company would consider expanding overseas instead.
The House passed a bill repealing the tax in June. The Senate has not taken up the repeal bill.
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