CAE signs service contracts and alliances in simulation-based healthcare training
March 10 2009 - 8:00AM
Marketwired
CAE (TSX: CAE) (NYSE: CGT) has signed contracts and alliances in
simulation-based healthcare training. They are with the Michener
Institute for Applied Health Sciences in Toronto, the Universite de
Montreal and the Winnipeg Regional Health Authority. The contracts
have an initial total value of approximately C$5 million.
"The aviation simulation-based training model is becoming
universally recognized as one of the effective ways to prepare
healthcare professionals to care for patients and respond to
critical situations while reducing the overall risk to patients,"
said Robert E. Brown, President and Chief Executive Officer of CAE.
"CAE has already applied its technology and capabilities developed
for the civil aviation and military markets to public safety and
emergency response. Healthcare simulation is a natural extension of
this know-how. By partnering with experts in the healthcare field,
we will leverage our knowledge, experience and best practices in
simulation-based aviation training to work with healthcare experts
to deliver innovative education, technologies and service solutions
in order to improve the safety and efficiency of the healthcare
industry."
CAE estimates the global market for simulation-based healthcare
training will be in excess of $1.5 billion by 2012(i). CAE's
healthcare services will range from providing simulation-based
training solutions to managing simulation-based training
centres.
Michener Institute for Applied Health Sciences
CAE signed a contract with the Michener Institute for Applied
Health Sciences to collaborate on establishing a healthcare
simulation training centre. The new centre will be located in the
Michener Institute's facility in Toronto, Canada, and will be named
the CAE-Michener Centre for the Advancement of Simulation in
Healthcare. When fully operational, the centre is expected to train
more than 1,500 students and healthcare practitioners per year.
"Our alliance with CAE will build upon our respective strengths
to offer leading-edge and cost-effective professional development
to healthcare practitioners," said Dr. Paul Gamble, President and
CEO, Michener Institute for Applied Health Sciences. "The
CAE-Michener alliance will bring simulation excellence from the
aviation industry to healthcare and create simulation-based
education programs that will graduate a wide variety of qualified
healthcare professionals. Our alliance will be one of the first in
North America to specialize in providing inter-professional
simulation education for integrated healthcare teams, including
health professionals."
Under the terms of the agreement, CAE will have responsibility
of managing the training centre operations and will develop
simulation-based courseware for the new centre. In addition, CAE
will market excess training capacity of the Michener Institute
facility to third parties. Michener will contribute
inter-professional and healthcare expertise.
Universite de Montreal
Universite de Montreal and CAE have signed a collaboration
agreement to co-develop courses for the University's new
state-of-the-art simulation-based training centre located in
Montreal, Canada. Universite de Montreal and CAE will develop
simulation-based Crisis Resource Management (CRM) team training,
designed to improve inter-professional team work. Under this
agreement, CAE will also offer training to third parties.
Universite de Montreal's new simulation centre will be operational
this summer and will train medical students and practicing
healthcare professionals.
"We are proud to be one of the first to use CAE's extensive
knowledge in simulation-based training to create, together, courses
that will radically change the way healthcare practitioners are
trained today," said Dr. Jean Lucien Rouleau, Dean, Faculty of
Medicine, Universite de Montreal and President of the Reseau
Universitaire Integre de Sante (RUIS). "We look forward to
continuing to collaborate with CAE for other training
solutions."
Winnipeg Regional Health Authority
CAE also signed a contract with the Winnipeg Regional Health
Authority (WRHA) to deliver simulation-based courseware solutions
that will be used to improve key life saving procedures within the
WRHA region, including how cardiac arrest is handled in hospitals
as well as new safety procedures for paediatric transport.
"By partnering with CAE our goal is to continuously measure and
improve the quality of care we offer our patients," said Dr. Brian
Postl, CEO of WRHA. "The healthcare field is looking at best
practices from the field of aviation where simulation has been a
critical element of its safety record. By collaborating with the
world leader in simulation-based training, Winnipeg Regional Health
Authority's goal is to remain at the forefront of how our
healthcare professionals are trained."
About CAE
CAE is a world leader in providing simulation and modelling
technologies and integrated training solutions for the civil
aviation industry and defence forces around the globe. With annual
revenues exceeding C$1.4 billion, CAE employs approximately 7,000
people at more than 75 sites and training locations in 20
countries. We have the largest installed base of civil and military
full-flight simulators and training devices. Through our global
network of 27 civil aviation and military training centres, we
train more than 75,000 crewmembers yearly. We also offer modelling
and simulation software to various market segments and, through
CAE's professional services division, we assist customers with a
wide range of simulation-based needs. www.cae.com
(i) Source: Mercer Management Consulting, 2006, Bristol Medical
Simulation Centre World Simulation Centre Database, 2008 and
Society for Simulation in Healthcare Sim Center Database, 2008.
Contacts: CAE contacts: Nathalie Bourque, Vice President Public
Affairs and Global Communications 514-734-5788
nathalie.bourque@cae.com Investor relations: Andrew Arnovitz, Vice
President Investor Relations and Strategy 514-734-5760
andrew.arnovitz@cae.com
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