For over 25 years, CAPsource has been getting Ontario hospitals maximum value for their equipment purchases and saving hospitals' money. Capsource has done an excellent job in bringing the vendor community to the table to focus on improving supply chain processes. They are really looking at how do we improve the system in order to get benefits that will ultimately result in better patient treatment.
With more than 400 member facilities, we've negotiated over $2 billion in purchases in the last eight years. In one procurement alone, we saved our participating hospitals $60 million. In another instance, we led an initiative that involved the purchase of over 150 pieces of radiology equipment, such as CT scanners and MRIs.
We help Ontario Healthcare continue its push towards value-based procurement. And because we're a not-for-profit, savings are always passed back to participants. Capsource serves very large hospital networks like St. Michael's Hospital in Toronto. It also serves regional hospitals like the Peterborough Regional Health Centre.
Whether urban or rural, there are benefits to being part of our organization. Those benefits flow directly back to the hospitals. But also, as a collective, we all do better. Capsource has been so effective that our list of clients continues to grow. Participating with us is completely voluntary. So we're constantly streamlining and evolving to make things easier for the people we serve.
Capsource's streamlined processes allowed them to move very quickly. In our case, it meant that they were able to complete a project that would normally take two and a half years in three months. We saved time and we saved money. At Capsource, we're proud to provide value and efficiency that individual hospitals can't achieve on their own.
And that helps serve the mission of Ontario Healthcare, to give our patients the best quality care possible. Capsource. Helping hospitals in Ontario and across Canada for over 25 years.
