Under the agreement, Philips will manage and service medical equipment, including radiology systems, at Mackenzie Health and also guide equipment acquisition under a single payment structure. The value of the contract covers the purchase of Philips equipment, but Mackenzie can also acquire equipment from other vendors.

The deal covers procurement, installation, systems integration, maintenance, and updates, according to Philips. Room design, cloud-based predictive analytics, and diagnostic technologies are also included.

Mackenzie will also have early access to Philips' advances in areas such as systems interoperability, imaging equipment utilization, radiology practice management, patient-centric design, and alarm management, Philips said. The contract covers the existing Mackenzie Richmond Hospital and the future Mackenzie Vaughan Hospital, which is scheduled to be completed in 2019.