Medical Device Tax Pushes B. Braun to Spike HQ Expansion Plans

Tuesday, November 25, 2014

Source: Mass Device

B. Braun Medical is spiking its plan to expand its Pennsylvania headquarters due to the medical device tax, CEO Caroll Neubauer told last week.

The medical device tax, a 2.3% levy on U.S. sales, cost B. Braun $13 million in each of the last 2 years. Neubauer told us that's too much to absorb and be able to fund the $40 million construction of a new HQ, Neubauer said at DeviceTalks West last week

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