Stryker, a medical technology company, opened a new financial services center located in the province of Heredia, from where it will support all its financial activities in the Americas.

Minister of Foreign Trade, Dyalá Jiménez, who participated in the inaugural event. Photo from CINDE

The operation is in San Antonio Business Park, in Heredia, where the company opened its offices since last April, according to official information.

In a statement, Costa Rica’s Investment Promotion Agency – CINDE – said:

Stryker, one of the world’s leading medical technology companies, today (December 18) inaugurated a new Financial Services Center that will support all of its financial activities in the Americas from Costa Rica. The operation is located in San Antonio Business Park in Heredia, where the company opened its offices last April.

As a result of the rapid expansion of its operations, the company already has 135 employees in our country, and at the beginning of 2020 will hire at least 52 more, whose charges will support the areas of general accounting and accounts receivable and payable. Stryker is expanding its office space to accommodate growth and new talent.

The Minister of Foreign Trade, Dyalá Jiménez, participated in the inaugural event and noted that “our country is becoming a preferred destination for companies in the medical sector to set up shop. One example is Stryker, a company focused on medical technologies, which has announced the expansion of a financial services center, from which it will serve the Americas. It will employ around 180 employees next year, which we certainly celebrate. We thank the company for this vote of confidence and we are committed to continuing working to adapt to the needs of the international market,” said the Minister of Foreign Trade.

More information on Stryker’s hiring is available at https://careers.stryker.com/en-US/search?keywords=&location=Costa%20Rica&placeid=ChIJJcmsIWLlko8RK5q…

A Growing and Diversifying Industry

The medical technology industry is extremely dynamic in the Costa Rican economy. Based on CINDE data, as of last year the life sciences sector consisted of more than 70 companies generating close to 27,000 direct jobs in the country.

In comparison with 2000, employment grew by 18 times and the number of companies increased by nine times. Exports of medical devices totaled – also in 2018 – some US$3.3 billion, making Costa Rica the second largest exporter in this category in Latin America.

According to CINDE, the country attracted 64 new companies from the Life Sciences sector, between 2000 and 2018.

This has also meant an industry diversification that also attracts shared services centers to provide support, from Costa Rica, to their operations and financial, technology and other activities in other parts of the world.