Charlotte’s Pearl District lands $141M investment from major medical tech company
Siemens Healthineers, a major German medical technology company, said Wednesday it is investing $141 million in a Pearl District project in Charlotteto help healthcare providers digitize and transform care delivery.
The Pearl District is the $1.5 billion mixed-use project being developed around Charlotte’s new four-year medical school opening this summer, the Wake Forest University School of Medicine-Charlotte.
The Pearl District broke ground in 2023. Atrium Health and Wexford Science & Technology partnered to build the project, which aims to attract STEM business to the city.
Siemens Healthineers said it is constructing a 60,000-square-foot, two-floor building in the district called the Siemens Healthineers Experience Center USA. Construction actually began last year and work should be completed this summer, according to the company.
This expands Siemens Healthineers’ ties to Charlotte and the Pearl District. In 2023, it became Atrium Health’s first strategic partner when it agreed to provide medical imaging technology and curriculum development for the new medical school.
Siemens Healthineers also announced Wednesday it was relocating manufacturing back to the U.S. by shifting operations for its Varian company, from Baja, Mexico, to Palo Alto, California. The move mirrors calls from President Donald Trump for companies to base manufacturing in the U.S. amid the president’s expansive tariff plans.
And Siemens Healthineers is boosting supply-chain resilience by opening mega supply depots in Dayton, New Jersey, and Manteca, California.
“With these new investments we’re further demonstrating our long-term commitment and desire to grow along with the American economy,” John Kowal, president and head of Siemens Healthineers in the Americas, said in a statement.
Gov. Josh Stein also praised the deal in Charlotte, stating, “Siemens Healthineers’ $141 million investment in the Pearl in Charlotte is the latest in a long line of companies that see the value of our well-trained workforce thanks to advanced health education programs in our state.”
There will be nine jobs from Siemens Healthineers at the start of the project, in addition to local contractors hired to support the site.
Potential economic incentives tied to the deal were not immediately available.
About Siemens Healthineers
In the United States, Siemens Healthineers has about 17,000 workers in 18 locations that includes R&D centers, manufacturing sites, and sales and service operations.
The company’s portfolio ranges from in-vitro diagnostics to image-guided therapy and cancer care that supports clinical decision-making and treatment paths.
Siemens Healthineers is headquartered in Erlangen, Germany, in the southeastern part of the country. The company has about 72,000 workers worldwide.
It reported revenue that’s the equivalent of $25.1 billion for the fiscal year that ended last September.
.png "image (11).png")
About the Pearl District
The Pearl District is a public-private partnership that also includes the city of Charlotte and Mecklenburg County.
In addition to its STEM focus, the mixed-use development includes retail, offices, apartments and academic spaces., as well as parking structure and an outdoor plaza.
There also are plans for an Affordable housing component to be part of the 20-acre project at the intersection of Baxter and McDowell streets in uptown Charlotte.
Businesses within the district will work to address health disparities and lack of upward mobility, long an issue for Charlotte, as the city continues to grapple with economic mobility.
This is a developing story
This story was originally published May 14, 2025 at 8:01 AM.
