Mr. Speaker, a Canadian company that recently brought jobs and investment to Oakville is also bringing sensible cost savings to Canadian hospitals without harming patient care.
In May, Livingston Healthcare Services Inc., an Ontario based health products distributor, opened a new logistics facility in Oakville. This company has introduced to Canadian hospitals a cost saving innovation: just in time delivery. The result is that hospitals no longer need to keep large, expensive inventories.
Mount Sinai Hospital in Toronto has saved over $200,000 in its first year using this system. While the Toronto hospital anticipates savings of over $1 million annually, these savings have no negative impact on patient care and in fact can allow money to be reallocated to improve it. The latest investment and expansion has the potential to benefit all Canadians.
Clearly this is welcome news for Canada's health care system.