Total expenditure on health and long-term care is rising across Canada and is predicted to continue rising over the next decade.(1) The increased need for public resources to be allocated to this sector is straining government budgets and represents a major area of public concern.(1) This strain is felt at all levels of the health system, including in hospitals where, as a result of wear and tear, technology progress and changes in clinical practice, decision-makers are tasked with prioritizing equipment to be upgraded or replaced.(2) Upgrading this equipment, however, is often a costly process. Careful management prior to replacing this equipment can improve the efficacy and safety of services, reduce costs and ensure that the equipment can deliver needed clinical services.