Welch Allyn

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Despite months of preparation, the CEO of Welch Allyn says a new excise tax on medical supplies will hurt his company's bottom line.

As part of the Affordable Care Act upheld last week by the Supreme Court, a 2.3 percent tax on medical devices sold in the United States will go into effect January 1. The tax is supposed to help pay for the expanded health care coverage.

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After three years of waiting, the first-ever "energy efficient" tax break has finally been awarded by theĀ Onondaga County Industrial Development Agency (OCIDA).

And the winner is ... Welch Allyn, a global supplier of medical equipment to hospitals and doctor's offices.

Welch Allyn sunk $5 million into putting a LEED Gold certified addition on its research and development building at its Skaneateles headquarters.