Welltower

Welltower, Inc.
Public
Traded as NYSE: HCN
S&P 500 Component
Industry Real estate investment trust
Founded 1970[1]
Headquarters Toledo
Key people
 Thomas J. DeRosa, CEO
Revenue Increase US$ 3.344 billion (2014)[2]
Increase US$ 512.3 million (2014)[2]
Number of employees
 438 (2014) [2]
Website welltower.com

Welltower, Inc. (formerly known as Health Care REIT, Inc.) is a real estate investment trust that primarily invests in assisted living facilities and other forms of housing and medical facilities for senior citizens. It also owns medical office buildings and facilities used by biotechnology companies and pharmaceutical companies . It ranked 746 on the Fortune 1000 in 2014.,[3] and is a component of the S&P 500.

History

The company was founded in 1970 by Bruce Thompson and Frederic D. Wolfe to be the first health-care real estate investment trust. Originally named Health Care Fund, it changed its name to Healthcare REIT, Inc. in 1985.[1] The company was led by George Chapman from 1996 to 2014, when he resigned and was replaced with the current CEO, Thomas DeRosa.[4]

Acquisitions

In 2011 it acquired the real estate assets of Genesis HealthCare for $2.4 billion.[5] On January 8, 2013, the company acquired Sunrise Senior Living and subsequently spun out the management company to a partnership including Kohlberg Kravis Roberts & Co. L.P., and affiliates of Beecken Petty O'Keefe & Company in a transaction valued by the company in excess of $4 billion.[6] In January 2015 the company acquired nine Benchmark Senior Living complexes located in New England for $360 million.[7]

References

  1. 1 2 Chavez, Jon (17 May 2015). "Health Care REIT still growing". Toledo Blade. Retrieved 22 May 2015.
  2. 1 2 3 "FORM 10-K: Health Care REIT Inc.". Securities and Exchange Commission. 20 Feb 2015. Retrieved 22 May 2015.
  3. ↑ "Health Care Reit, Inc. Company Information". Hoovers. Retrieved 22 May 2015.
  4. ↑ "Chapman retires as Health Care REIT leader". Toledo Blade. 14 April 2014. Retrieved 22 May 2015.
  5. ↑ Louis, Brian (28 February 2011). "Health Care REIT to Buy Genesis Properties for $2.4 Billion". BloombergBusiness. Retrieved 22 May 2015.
  6. ↑ "Health Care REIT to Acquire Sunrise for $845 Million". BloombergBusiness. Retrieved 23 September 2015.
  7. ↑ Ross, Casey (22 January 2015). "Benchmark senior complexes sold for $360 million". Boston Globe. Retrieved 22 May 2015.

External Links

Company homepage


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