Back to News

Exchange Income Corporation Donates Historic $1M to Manitoba Urologic Centre at HSC

February 17, 2023

Largest gift in company’s history to help ensure equitable health care for all Manitobans

L-R: Dr. Manon Pelletier, Site Medical Officer, HSC Winnipeg; Michael Pyle, CEO, Exchange Income Corporation; Grand Chief Garrison Settee, Manitoba Keewatinowi Okimakanak; Jonathon Lyon, President & CEO, HSC Foundation

WINNIPEG, MB—February 17, 2023. Today, the Health Sciences Centre Foundation (HSC Foundation) received a transformational $1 million donation from the Exchange Income Corporation (EIC) for the Manitoba Urologic Centre at Health Sciences Centre Winnipeg (HSC). This gift—the largest in EIC’s nearly 20-year history—is in support of a new, world-class urologic centre that will provide leading-edge patient care for over 10,000 Manitobans annually.

“EIC’s support is a vital investment in powerful technology and improved access to timely urologic care,” said Jonathon Lyon, HSC Foundation President and Chief Executive Officer. “As Manitoba’s hospital, HSC must always focus on ensuring equitable health care for all Manitobans no matter where they live. EIC’s contribution helps us take a giant leap forward.”

Jonathon Lyon, President & CEO, HSC Foundation

“Today’s gift in support of the Manitoba Urologic Centre is a way for us to take action towards ensuring that First Nation, northern, and rural communities—communities in which we operate and serve—receive better, quicker access to care,” said Michael Pyle, CEO of EIC. “Improved access to health care is essential as we pursue reconciliation with Indigenous Peoples in Canada. At EIC, we care deeply about making progress toward reconciliation and closing the gap in health outcomes between Indigenous and non-Indigenous people.”

Michael Pyle, CEO, Exchange Income Corporation

The Manitoba Urologic Centre will provide timely, leading-edge care to patients requiring transurethral resection of the prostate (TURP), kidney stone removal, and treatment for certain types of bladder cancer, among other conditions. Wait times are expected to drop from up to a year to weeks and days for many procedures.

“First Nation communities, rural, and northern Manitobans are particularly challenged by proper access to health care,” said Grand Chief Garrison Settee of Manitoba Keewatinowi Okimakanak (MKO), which represents 26 First Nations who are signatories to Treaties 4, 5, 6, and 10. “Investments that improve access to reliable care are extremely important to Indigenous peoples and all Manitobans. I’m pleased to support EIC’s exceptional investment and HSC’s vision for this transformational project.”

Grand Chief Garrison Settee, Manitoba Keewatinowi Okimakanak

“Under the status quo, patients from First Nation, northern, and rural communities often have to make several trips over many months to get the complete care they need,” said Dr. Manon Pelletier, HSC’s Site Medical Lead. “With new technology in a new space, we will be able to remove procedures from conventional operating rooms and therefore treat patients sooner than we can now. We will absolutely see better outcomes for all patients because of the support of EIC and other donors.”

Dr. Manon Pelletier, Site Medical Officer, HSC Winnipeg

The centre will be housed on the HSC campus in redeveloped space at 735 Notre Dame Ave. Construction is underway, with the centre slated to open early winter 2024. Construction costs and equipment acquisition will be funded by the HSC Foundation and its donors. The province, through Shared Health, will pay for ongoing operating costs.


About the Health Sciences Centre Foundation:

The Health Sciences Centre Foundation rallies individual, corporate, and institutional donors in support of HSC Winnipeg—Manitoba’s hospital. By inspiring Manitobans to donate, the HSC Foundation enhances patient care and accelerates innovation at HSC through the acquisition of state-of-the-art technology, the development of new clinical spaces, and the promotion of ground-breaking research. Through specific, timely, and essential investments, the HSC Foundation helps to deliver tomorrow’s health care, today.


About Exchange Income Corporation:

Exchange Income Corporation is a diversified acquisition-oriented company, focused in two sectors: aerospace & aviation services and equipment, and manufacturing. The Corporation uses a disciplined acquisition strategy to identify already profitable, well-established companies that have strong management teams, generate steady cash flow, operate in niche markets and have opportunities for organic growth. For more information on the Corporation, please visit Additional information relating to the Corporation, including all public filings, is available on SEDAR.