[July 28, 2017] |
|
Ventas Announces Lillibridge Healthcare Services CEO Transition
Ventas, Inc. (NYSE: VTR) announced today that Todd W. Lillibridge,
President and CEO of Lillibridge Healthcare Services ("LHS" or "the MOB
Business") and EVP Medical Property Operations for Ventas will
transition to a new role as Senior Advisor to the Ventas Chairman and
CEO in early 2018. Ventas intends to appoint a new leader of the MOB
Business and will commence the search process promptly.
Lillibridge is committed to leading the MOB Business in his current
capacity until a successor is appointed, and in ensuring a seamless
transition of responsibilities to the new CEO.
"Todd is a visionary who founded his namesake company more than 25 years
ago with the goal of providing comprehensive real estate solutions to
high-quality hospitals and health systems. He pioneered the MOB business
as a unique institutional asset class, and built a nationally-respected
brand," said Debra A. Cafaro, Ventas Chairman and Chief Executive
Officer. "LHS is a strong, enduring company and I have great confidence
in its continued success. Todd has thrived as an entrepreneur, an
energetic business partner focused on clients' goals, an inspiring
leader, mentor and colleague, and we are grateful for his ongoing
contributions to our industry and to Ventas."
"This is another inflection point in my journey in the world of
healthcare real estate, and I look forward to supporting the transition
and to working closely with the Ventas and Lillibridge teams to continue
leveraging our success," aid Lillibridge. "I am proud of what we
accomplished over the past 25+ years, and I want to express my sincere
thanks to the people who have helped me build this great company. It has
been an honor and a privilege to lead our dedicated employees and serve
more than 400 of the nation's top hospitals and health systems with
integrity and excellence."
Lillibridge joined Ventas in 2010 with the closing of Ventas's
acquisition of LHS. Under his leadership, the MOB Business has grown
more than seven times. Broadly acknowledged as one of the nation's
largest medical office portfolios, LHS operates 21+ million square feet
of outpatient facilities in more than 250 markets across 32 states. The
Lillibridge team serves more than 15,000 physician tenants daily and
supports 40 million patient visits each year.
Ventas, Inc., an S&P 500 company, is a leading real estate investment
trust. Its diverse portfolio of approximately 1,300 assets in the United
States, Canada and the United Kingdom consists of seniors housing
communities, medical office buildings, life science and innovation
centers, inpatient rehabilitation and long-term acute care facilities,
health systems and skilled nursing facilities. Through its Lillibridge
subsidiary, Ventas provides management, leasing, marketing, facility
development and advisory services to highly rated hospitals and health
systems throughout the United States. References to "Ventas" or the
"Company" mean Ventas, Inc. and its consolidated subsidiaries unless
otherwise expressly noted. More information about Ventas and Lillibridge
can be found at www.ventasreit.com and www.lillibridge.com.
Click
here to subscribe to Mobile Alerts for Ventas, Inc.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170728005270/en/
[ Back To Mobile World Congress's Homepage ]
|