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Siemens to launch $300 million Massachusetts facility expansion

by Thomas Dworetzky, Contributing Reporter | December 14, 2016
Business Affairs

The new additions will add manufacturing, warehouse, office and lab space and are slated to begin construction during the summer. It is anticipated that 400 or more jobs will be created as a result of the expansion – a number that could reportedly swell to 700 permanent positions.

By 2026 the site is expected to employ between 1,300 and 1,600 people.

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In early December Siemens announced a four-year partnership with Northwell Health to focus on population health research.

"Northwell Health and Siemens Healthineers are committing resources and personnel to conduct outcomes-based research focused on identifying high-value imaging care pathways that can be translated to clinical practice to enhance health outcomes in the most cost-effective manner," Dr. Jason Naidich, senior vice president of imaging at Northwell Health and chairman of radiology at the Hofstra Northwell School of Medicine, told HCB News.

In November Siemens announced its intention to spin off its health care business, Siemens Healthineers, as a publicly listed company, to "give it even greater flexibility in implementing its growth plans."

"Health care technology is a highly attractive business in which we want to further expand our leading position," Joe Kaeser, president and CEO of Siemens AG said in a statement at the time, adding that "with this step, we continue to implement Vision 2020 launched in May 2014."

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