Ventas (company)
|
Public S&P 500 Component | |
| Traded as | NYSE: VTR |
| Industry | Real estate investment trust |
| Founded | 1998 |
| Headquarters | Chicago |
Key people | Debra Cafaro, Chairman and CEO |
| Revenue |
 US$ 3.076 billion (2014)[1] |
|
US$ 475.8 million (2014)[1] | |
| Website | http://www.ventasreit.com |
Ventas, Inc., a real estate investment trust (REIT), invests primarily in real estate serving the United States healthcare industry. The company acquires, develops, leases, disposes and manages healthcare real estate. As of 2014 it is a Fortune 1000 corporation.
History
The company was founded in 1998 as a spin-off of Vencor,[2] a company founded by Bruce Lunsford, who would later be an unsuccessful Democratic candidate for Governor of Kentucky in 2007 and an unsuccessful nominee for Senator from Kentucky in 2008.
According to Richard Daft and Carol Hymowitz, then-CEO Debra Cafaro anticipated the 2008 financial crisis. Her insistence on building cash reserves before the crisis ensured that the company made it through the crisis successfully.[3][4]
Ventas acquired the real estate investments of Ardent Health Services in 2015.[5]
References
- 1 2 "10-K 2014 for Ventas, Inc.". SEC. Retrieved 29 April 2015.
- ↑ "Vencor Agrees To Settlement Deal". Sarasota Herald-Tribune. The Associated Press. 21 March 2001. Retrieved 24 April 2015.
- ↑ Daft, Richard (2011). Management. Cengage Learning.
- ↑ Hymowitz, Carol (28 April 2010). "Ventas Chief Debra Cafaro's Recipe For Succes". Fortune magazine. Retrieved 24 April 2015.
- ↑ Chen, Angela (July 7, 2015). "Equity Group Investments to Take Majority Stake in Ardent’s Hospital Operations: Deal values Ardent at about $475 million". The Wall Street Journal. Retrieved January 11, 2016.