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16/3/2013
Humber River Hospital honoured for excellence
Awards Picture
Plenary Group CEO Mike Marasco, left, and the Humber River Hospital president and CEO Dr. Rueben Devlin hold one of two awards given to the hospital during a ceremony at the London Stock Exchange.
 
Wins Two World Finance Magazine Awards

Toronto’s Humber River Hospital’s redevelopment project — the name behind North America’s first digital hospital being built in the city’s west-end — recently scored a major coup when it was honoured with several worldwide industry awards.

Humber River has been singled out for two honours at the prestigious 2013 World Finance Magazine Public Private Partnerships Awards: Best Healthcare Project in North America, and Best Project Sponsor in North America, for Plenary Group (Plenary Group is Canada’s leading developer of on-time, on-budget and performance-guaranteed infrastructure, including health-care facilities).

The awards were presented earlier this year to HRH president & CEO Dr. Rueben Devlin and Plenary Group CEO Mike Marasco at a ceremony that took place at the London Stock Exchange.

According to World Finance magazine, since 2007 the World Finance Awards have been celebrating achievement and innovation.

With independent, expert thought on the judging panel, drawing on 230 years of financial journalism experience, the awards recognize industry leaders, eminent individuals, exemplary teams and distinguished organizations it believes represent the benchmark of achievement and best practice in a variety of fields.

“The Humber River Hospital is our largest and most exciting project to date,” Marasco said. “It embodies innovation, from the design to the technology infrastructure, and even the financing solution we employed. The LEAN and GREEN design will significantly reduce operating costs over the life of the facility by making it a more efficient environment.

“In addition, the fully digital hospital environment is a first in North America. It really pushes the boundaries of automation in a health-care environment, which we see as the way of the future — especially since it allows health-care practitioners to spend more time focusing on their patients.”

“Our priority all along has been to place patients and families at the centre of the design process, and we’re thrilled with the results to date,” Devlin said. “I can say with certainty that we have pushed the limits to enhance the patient experience at all levels: care, quality, safety and comfort.

“But we also understood the demand from the general public for fiscal responsibility and accountability in a project of this magnitude and impact.

“These awards are a wonderful recognition from an impressive third party that we’ve made remarkable progress towards both of these goals.”

This isn’t the first time the Humber River project has been recognized for its financing strategy.

In November, the Canadian Council for Public-Private Partnerships (CCPPP) presented the project with the Silver Project Finance Award at its 2012 National Awards for Innovation & Excellence.

The CCPPP awards recognize outstanding Canadian public-private partnerships in the areas of project financing, service delivery and infrastructure, showcasing how they’re having a positive impact in communities across Canada looking for renewal and investment to deliver infrastructure and services faster, more efficiently and at greater value for taxpayers.

The CCPPP citation reads in part: “This $1.75-billion project is the first fully digital hospital in North America. The $1 billion of private construction-phase financing is sourced from a combination of short- and long-term bond proceeds, which achieved an ‘A’ rating by each of Standard & Poors and the DBRS when they were issued.”

Humber River is one of Canada’s largest regional acute-care hospitals, serving an area of more than 850,000 people in northwest Greater Toronto.

The hospital currently operates on three sites, with a total of 549 beds, 3,000 staff, about 600 physicians and 400 volunteers.

Affiliated with the University of Toronto, it’s home to Ontario’s first Centre of Excellence for laparoscopic bariatric surgery, Canada’s first home nocturnal dialysis program and a major cancer program.

Check out hrh.ca/redevelopment for more details

Originally published by the Toronto Sun, March 16, 2013
Patient Care Reinvented.