Weekly Vitals: Cook to Cancel Expansions, Medtech Expands Offshore, and More

All eyes last week were on Cook Medical’s announcement that the provision in the Affordable Health Care for America Act imposing a 2.3% excise tax on the first sale of medical devices has forced the company to cancel plans to build five plants in the Midwest. Since then, voices are being raised that the tax will hurt Indiana. In other news, more medtech firms are starting up offshore operations, while Zimmer announced mixed quarterly results.