MONTREAL, April 14, 2020 /CNW/ - Scotiabank and the
Canadian Medical Association, in collaboration with MD Financial
Management Inc. (MD), today announced they will be contributing
$200,000 to the Code Life Ventilator
Challenge.
A joint initiative between the Montreal General Hospital
Foundation (MGHF) and the Research Institute of the McGill University Health Centre (RI-MUHC), the Code
Life Ventilator Challenge is an international design competition
that was held in March to create a simple, low-cost,
easy-to-manufacture and easy-to-maintain ventilator.
"We are pleased to do our part in supporting healthcare
professionals, as they protect the most vulnerable Canadians from
this pandemic. This is one such initiative that we hope alleviates
some of the burden and helps save lives," said Glen Gowland, Group Head, Global Wealth
Management at Scotiabank.
Entries from more than 2,600 engineers, scientists,
programmers and medical technology experts from 90 countries were
received by the March 31
deadline.
"Innovation is an essential pillar of the COVID-19 response, and
we are pleased to support a dynamic process that leads to real
solutions to address mounting pressures on our healthcare system.
We're fortunate to have the depth of innovative thinkers and
leaders in Canada and elsewhere in
the world to create solutions that will have an impact on patient
care," said Dr. Abdo Shabah, CMA's
Board representative in Quebec and
spokesperson.
This financial contribution, which will be used as prize money
and for other key operational costs to support the Challenge, is
the latest in a series of contributions through the Scotiabank and
CMA 10-year agreement to support Canada's medical profession. Scotiabank and MD
continue to work proactively with the CMA and their partner
organizations to understand what is most needed and how the medical
profession can be best supported.
About Affinity Contributions
Scotiabank, MD Financial Management (MD) and the Canadian Medical
Association (CMA) together are firmly committed to supporting the
medical profession and advancing health in Canada. As proof of
this commitment, and in collaboration with the CMA and MD,
Scotiabank is investing $115 million over 10 years to
support physicians and the communities they serve
across Canada.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future," we help our customers, their
families and their communities achieve success through a broad
range of advice, products and services, including personal and
commercial banking, wealth management and private banking,
corporate and investment banking, and capital markets. With a team
of approximately 100,000 employees and assets
of approximately $1.2
trillion (as at January 31, 2020), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
About the Canadian Medical Association
The Canadian Medical Association is the national voice
of Canada's medical profession. We work with physicians,
residents and medical students on issues that matter to the
profession and the health of Canadians. We advocate for policy and
programs that drive meaningful change for physicians and their
patients.
About MD Financial Management Inc.
With more than 50
years of physician-focused experience, MD Financial Management Inc.
(MD) is dedicated to providing financial peace of mind to
Canada's physicians and their
families, so they can enjoy what matters most to them while
achieving their career and life goals. MD had more than
$45 billion in assets under
management as of March 30,
2020. MD Financial Management Inc. wholly owns MD Management
Limited. MD Management Limited was the first of the MD Group of
Companies to be founded, in 1969. For a detailed list of the MD
Group of Companies, visit md.ca.
SOURCE Scotiabank