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 MassDevice.com 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