U.S. medical company expands operation in Costa Rica


	Published Thursday, February 20,2020 U.S. medical company expands operation in Costa Rica By the A.M. Costa Rica staff and wire services Marlborough-based Hologic, Inc., announced Wednesday the opening of its Financial Shared Services Center in the Coyol Free Trade Zone in Alajuela Province. Hologic is a medical technology company focused on improving women’s health and well-being through early detection and early treatment of breast cancer. According to the company, the new facilities will be providing support for its U.S. and Canadian operations. The center currently has 32 employees and expects to increase this number over time. The Financial Shared Services Center is located in the same building where Hologic’s medical device manufacturing plant has been located since 2008. This branch, which manufactures surgical devices for gynecological health and early breast cancer diagnosis, is the only plant in Latin America. The center’s facilities include open spaces for knowledge sharing among employees as well as ergonomic workstations and the latest in technology. It occupies 295 square meters2 of the company’s 17,187 square meters in the industrial park. “The evolution of the medical device sector has gone hand-in-hand with the growth of the service sector, " said Dyalá Jiménez, minister of Foreign Trade. "It is for this reason that today we celebrate the inauguration of a new financial shared services center in Costa Rica that belongs to Hologic." According to the Ministry of Foreign Trade, the women are 62% of the company's workforce. “Our new Financial Shared Services Center is the first one we’ve located in Costa Rica, building off of more than 15 years of successful performance of our medical device plant in this country, strategic location, political and social stability, and human talent, with a strong capacity for learning and innovating, also carried weight in our decision,” said Karleen Oberton, Hologic CFO. “We hope to be able to continue expanding within our facility to help us continue improving women’s health around the world.” According to the Costa Rican Investment Promotion Agency, CINDE, Costa Rica ranked first in Latin America in innovation efficiency. CINDE based the data on the World Intellectual Property Organization's 2019 report. "This investment will further strengthen the national ecosystem of high value-added services, whose exports totaled more than $ 4,4 billion in 2018, more than three times of what was exported in 2009," said CINDE in its statement. In Costa Rica, Hologic already employs 700 in the manufacturing plant and Financial Services Center. The company said it needs bilingual personnel, with a mastery of English with experience in accounting, business administration, finance, electronic and electromechanical engineering, logistics and distribution, software development, quality control and production, among other disciplines. Those wishing to apply for jobs in the company can do so through the company site Hologic.com According to data from CINDE, Costa Rica is the second-largest exporter of medical technologies in Latin America. In 2018 alone, exports reached $3.3 billion, representing a 17.7% growth over 2017, it said. At present, life sciences companies in Costa Rica number more than 70, including Hologic, and generate close to 27,000 direct jobs. Of note are the areas of cardiology, orthopedics, women’s health, surgical devices, esthetics and dental care, among others, said the agency. According to statistics provided by the Ministry of Foreign Trade, 10,141 new jobs were generated by foreign companies that had operations in Costa Rica during 2019. Hologic, Inc., reports 6,000 employees and their partners provide life-saving technologies in 85 countries. The company has been operating in Costa Rica since 2002. ------------------------------ What other U.S.-based company should open operations in Costa Rica? We would like to know your thoughts on this story. Send your comments to news@amcostarica.com

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