Study: Madison’s GE Healthcare has $342M impact

Madison’s GE Healthcare Life Care Solutions is touting a new study claiming that the company has a $342 million impact on Wisconsin’s economy each year. Conducted by Tripp Umbach, a Pittsburgh-based health care consultant, the study showed that the company supports approximately 1,780 jobs throughout the state, including 630 at its Ohmeda Drive facility. GE Healthcare also contributes about $200 million in direct spending to the economy each year, as well as $141 million through its employees, households, and suppliers. It’s also a major exporter, having shipped $115 million worth of goods in 2012.