Experts: GE Healthcare move will be healthy for Mass.

GE Healthcare's decision to move potentially hundreds of jobs to Massachusetts — and the already-existing cluster of major life sciences companies — could help reduce health care costs and create greater access to cutting-edge medical technology in the Bay State, an expert told the Herald.

"Having these companies close by where research staff are studying these diseases, it probably means our hospitals remain on the cutting edge of medicine," said Barry Bluestone of Northeastern University. "So when a breakthrough comes and it's FDA approved, the first who get to use it are probably patients in the Boston area. We probably do benefit — by being the first adopters of new medical breakthroughs."

The Herald reported yesterday that GE Healthcare is relocating its U.S. headquarters for its life sciences division from New Jersey, where it employs about 400 people, to Massachusetts. It already has an office in Westboro.

Cambridge officials plan to meet with GE Healthcare execs about possibly locating there, said Brian Murphy, the city's assistant manager for community development. He added the company hadn't found a permanent location yet.

GE Healthcare spokesman Benjamin Fox did not return messages yesterday.

Analyst Ross Muken of ISI International Strategy & Investment called the Massachusetts relocation "a fairly sensible move."

"Clearly they want to draw on the great biology talent, the chemistry talent in the region," said Muken. "I think given where the customer base is, it's a natural fit. ... In general, it solidifies the state as a hub of biomedical research and cutting-edge scientific talent."

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