Hospital Research Income Posts Solid Gain

University Health Network Leads the Pack

TORONTO, Oct. 29, 2013 /CNW/ - Total research income at Canada's 40 leading hospitals expanded by a solid 4.8% in Fiscal 2012, according to Research Infosource Inc., Canada's Source of R&D Intelligence, which today released its annual Canada's Top 40 Research Hospitals List, ranking Canadian hospitals on their success in attracting support for health research.

Combined income for research expanded to $2.3 billion from $2.2 billion in Fiscal 2011.  The 2012 result is especially comforting in light of last year's meagre national funding increase of only 0.7%.

Toronto's University Health Network built on its leadership position by attracting $302.3 million of research funding, a growth of 19.4% from the previous year.  Montreal's McGill University Health Centre moved into 2nd place nationally with research income rising to $175.7 million; an increase of 14.8% over Fiscal 2011.  Toronto's Hospital for Sick Children came in at 3rd place in the national ranking at $171.2 million, an increase of 2.0%.  Ottawa Hospital ($152.7 million, 17.5%) and Vancouver Coastal Health Authority ($134.3 million, 11.6%) rounded out the top 5 institutions.  Overall, 28 hospitals posted increases in research income in Fiscal 2012, compared with 12 hospitals where income declined or was flat.

For complete information:

SOURCE: Research Infosource Inc.

For further information:

For additional information or for an interview, please contact:

Ron Freedman
CEO, Research Infosource
(416) 481-7070 ext. 31

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