American medical technology firm Hologic has established a shared services center in Costa Rica’s Coyol Free Trade Zone in Alajuela.
The center has employed around 35 people and will provide back-office services to its operations in the United States and Canada.
Hologic has been present in Costa Rica since 2008, when it built a factory to manufacture surgical devices that diagnose gynecological health and early breast cancer. Today, its manufacturing facilities have employed more than 700 Costa Ricans.
“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. (Costa Rica’s) strategic location, political and social stability, and human talent, with a strong capacity for learning and innovating, also carried weight in our decision,” stated Hologic CFO Karleen Oberton.
Hologic is known for providing employment opportunities to women. “It should be noted that 62% of our workforce is female, and women also hold half of the local management positions,” stated Nilo Caravaca, a senior executive at Hologic.
Costa Rica is the second-largest exporter of medical technologies in Latin America, according to Cinde, the country’s investment promotion agency. In 2018, exports reached US$3,308 million.
Around 70 companies are operating in this sector, generating close to 27,000 direct jobs.