Business & Finance
Business and Finance
Business and Finance
Thu, January 22, 2009
Wed, January 21, 2009 Health Care REIT, Inc. Appoints John T. Thomas as Executive Vice President " Medical Facilities
TOLEDO, Ohio--([ BUSINESS WIRE ])--Health Care REIT, Inc. (NYSE:HCN) announced today that John T. Thomas has been named Executive Vice President – Medical Facilities. Mr. Thomas will oversee the company's growing investment in state-of-the-art hospitals, outpatient facilities and medical office buildings, as well as provide executive leadership of the development and management services groups.
"We are very pleased to have an individual with John's exceptional talent and capability join our organization," commented George L. Chapman, Chairman and Chief Executive Officer of Health Care REIT, Inc. "He has extensive experience in the development and operation of a broad range of health care properties, plus a network of relationships with health care executives throughout the country. He will play a key role in achieving the company's strategic objectives and strengthening our position as the preferred capital, development and property management partner for health systems."
Frederick L. Farrar, Executive Vice President, will work closely with Mr. Thomas in his new role. Mr. Farrar recently extended his consulting agreement with the company until December 19, 2009, but will be reducing his involvement with daily operations.
Before joining Health Care REIT, Mr. Thomas was President and Chief Development Officer of Cirrus Health, a Dallas-based owner and operator of hospitals, ambulatory surgery centers and other health care facilities. His responsibilities included all aspects of development activity for the company.
Mr. Thomas previously served as Senior Vice President/General Counsel for Baylor Health Care System, Dallas, and General Counsel/Secretary for the St. Louis division of the Sisters of Mercy Health System, St. Louis.
Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company also provides an extensive array of property management and development services. As of December 31, 2008, the company's broadly diversified portfolio consisted of 633 properties in 39 states. More information is available on the Internet at [ www.hcreit.com ].
This document may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. When the company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions, it is making forward-looking statements. Forward-looking statements reflect current plans and expectations and are based on information currently available. They are not guarantees of future performance and involve risks and uncertainties, including, without limitation, the state of the economy, the availability of capital, and the availability of quality assets.
