MILWAUKEE — GE Healthcare says it will invest $50 million in its West Milwaukee facility, as well as bring 1,500 of its Wisconsin-based employee to its facilities in West Milwaukee and Wauwatosa.
The long-time Milwaukee health tech manufacturer says the investment will create a 'world-class' product development and manufacturing campus for medical imaging in the Milwaukee area.
In addition, GE Healthcare says it will sell portions of its Waukesha campus on I-94, while the Magnetic Resonance buildings and teams in Waukesha will remain there, including around 600 existing jobs.
“We saw an opportunity to better use existing capacity and make significant investments that would both reaffirm our commitment to manufacturing and product development in the state, and create an advanced medtech hub in metro Milwaukee,” said Tom Westrick, President & CEO, Life Care Solutions, GE Healthcare, in a release Wednesday.
The moves come in the heels of GE Healthcare's purchase of a 87,000-square-foot facility next door to its existing Electric Avenue facility in West Milwaukee.