In November, Stryker, which produces artificial hips and knees, announced that it would lay off about 1,000 workers. Earlier last year, Covidien, maker of surgical instruments, said it would lay off 200 workers in the U.S. and move production to Costa Rica and Mexico. Both companies cited the tax. Currently medical device companies employ more than 400,000 Americans at higher than average wages. The tax is expected to go into effect next year.
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FDA Bans Oridion Systems From Importing Medical Devices Into the U.S.
Massachusetts Life Sciences Center Awards $2.2M in Loans to Medical Technology Startups
FDA Targets Risks From Reused Medical Devices
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.