B. Braun Medical Inc. has halted its plans to develop new corporate headquarters in Upper Saucon Township/Lehigh County Pennsylvania, because of the medical device tax, which is costing the company $13 million a year, the company’s CEO Caroll Neubauer told MassDevice.com.
B.Braun announced in Oct. 2013 that it had purchased 21.5 acres of undeveloped land from Lehigh University in Bethlehem, Pa. for physicians, nurses and hospital administration, state-of-the-art. I just couldn’t build it.
“We didn’t invest in a major new headquarters, which was going to have an academy educational facility for salesforce, for physicians, nurses and hospital administration, state-of-the-art. I just couldn’t build it.
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