Montgomery Medical Company Expands, Worries About Healthcare Reform Implications
A Montgomery medical equipment manufacturing company that's adding 80 new jobs will face a new tax next January.
The Steris Corporation manufactures operating room equipment like surgical tables. All medical device manufactures will now have to pay an 2.3% excise tax starting in January on all equipment sales under the upheld Affordable Care Act. The president of Steris says this extra cost could impact patients and cut into profits.
The Steris expansion announced during a news conference Friday comes as the result of almost a million dollars in incentives offered by the state, county and city of Montgomery. There won't be any new buildings built for the exapnsion, instead the existing internal space is being reconfigured to make room for the added 80 employees to the 300 employee workforce. That project should be done by December.