VTR - Leadership updates

Ventas, Inc. (NYSE:VTR) today announced that Chairman and Chief Executive Officer Debra A. Cafaro will receive the Cyrus McCormick Making History Award for Historic Corporate Achievement at the Chicago History Museum's 32nd Annual Making History Awards this evening. The Cyrus McCormick Making History Award for Historic Corporate Achievement recognizes business leaders and organizations whose work has made enduring contributions to Chicago's economic and civic life. Under Cafaro's leadership, Ventas has grown into one of the world's leading enterprises at the center of the longevity economy, with ownership of over 1,400 properties and a mission focused on serving a large and growing aging

Believes NHI is Significantly Undervalued with Opportunities to Unlock its Valuable Assets, Including Upcoming Lease Renewal with Tenant National Healthcare Corporation Highlights Poor Corporate Governance and Serious Conflicts of Interest Among Board Members Expresses Serious Concerns that NHI Board Cannot Fairly Represent Both Landlord and Tenant in Lease Renegotiation Given Substantial Economic and Personal Ties to NHC Discloses Likely Substantial Upside to Lease Rental Rates if Lease is Negotiated at Arms-Length Believes Shareholders Need to Send a Clear Message at Upcoming Annual Meeting – Ahead of Critical Lease Renegotiations – that Maintaining the Status Quo is Not an Option

Enters Into Cooperation Agreement with Land & Buildings Ventas, Inc. (NYSE:VTR) today announced that its Board of Directors has appointed Theodore Bigman and Joe V. Rodriguez, Jr. to the Board, effective immediately. In connection with the appointments, which align with Ventas's ongoing focus on Board refreshment and maintaining strong governance, the Company has entered into a mutual cooperation agreement (the "Cooperation Agreement") with shareholder Land & Buildings Investment Management LLC ("Land & Buildings"). Mr. Bigman brings significant investing and capital markets experience, and has served as a private investor and as founder and Chief Investment Officer of Bigman Holdings,

Ardent Health Services today announced the appointment of two new senior operations leaders and the promotion of three executives to expanded roles. Mike Matthews has been appointed president of Ardent Physician Services. He will oversee Ardent's medical group operations across eight markets in six states while working closely with providers to create greater alignment across the continuum of care. Matthews was previously senior vice president at ScionHealth where he led the company's physician enterprise, which included more than 500 providers across 13 states. Prior to that, he served as regional vice president of physician services for Lifepoint Health. David Schultz has been named p

Ventas, Inc. (NYSE:VTR) ("Ventas" or the "Company") today announced that J. Justin Hutchens, Executive Vice President, Senior Housing, has been appointed to the additional role of Chief Investment Officer, effective immediately. In his expanded role, Hutchens will be responsible for Ventas's capital allocation strategy and execution across the enterprise in addition to his current responsibility for the Company's Senior Housing portfolio. He will oversee both the Senior Housing and Investments teams and continue to report directly to Ventas Chairman and CEO Debra A. Cafaro. "Through his exceptional leadership of our Senior Housing business over the past three years, Justin has proven to be

Veteran physician will lead the development of tech-enabled workflows and clinical information systems Ardent Health Services has appointed Brad Hoyt, MD, as chief medical information officer (CMIO). In the new role, Dr. Hoyt will be part of Ardent's senior leadership team and lead the development and management of clinical information systems and electronic health record (EHR) optimization across the enterprise. "Unlocking the power of clinical data and technology to direct how we deliver care is essential to building the health system of the future and we are fortunate to have Dr. Hoyt lead these efforts," said Marty Bonick, president and CEO of Ardent. "His steadfast commitment to clin

Veteran healthcare executives to lead operations integration and development Ardent Health Services today announced the appointment of Carlene Callis as chief system integration and growth officer and Ben Jacobs as chief strategy and development officer. "I'm excited to welcome Carlene and Ben to Ardent," said Marty Bonick, president and CEO of Ardent. "As the dynamics of our industry continue to evolve, we need to proactively take the lead in architecting our own future. The addition of two high-performing, proven leaders in these new roles will help us focus on efficiently improving care delivery and expanding accessibility of services to the communities we serve." In her role as chief

Report Presents the Company's "Elevating, Innovating and Intensifying" ESG Initiatives That Continue to Raise the Bar and Drive Long-Term Value for Stakeholders Ventas, Inc. (NYSE:VTR) ("Ventas" or "The Company") today released its fifth annual Corporate Sustainability Report (CSR), showcasing the Company's commitment to and advancement of its acclaimed environmental, social and governance (ESG) program. "Building on our long history of industry-leading ESG achievements, we continue to accelerate our activities and commitments and to set ambitious goals to drive meaningful change," Ventas Chairman and Chief Executive Officer Debra A. Cafaro wrote in the report. "Our team is committed to f

Robert Reed to Retire from the Board at 2023 Annual Meeting Ventas, Inc. (NYSE:VTR) today announced that Sumit Roy, President and Chief Executive Officer of Realty Income Corporation – a real estate investment trust (REIT) with a diversified portfolio of over 11,400 freestanding commercial properties across the United States, Puerto Rico, the United Kingdom and Spain – has been appointed as an independent member of the Ventas Board of Directors, effective October 1, 2022. Mr. Roy has also been appointed to serve on the Investment Committee of the Ventas Board. Mr. Roy, 53, is a highly accomplished REIT executive. At Realty Income, he was appointed Chief Executive Officer in 2018 after bei

Ventas, Inc. (NYSE:VTR) today announced that Bill ("BJ") Grant will join the Company as Senior Vice President, Investor Relations, effective May 9, 2022. He will report to Executive Vice President and Chief Financial Officer Robert F. Probst. Mr. Grant brings more than 20 years of investment management experience through his role at Morgan Stanley as Portfolio Manager and Head of U.S. Real Estate. At Morgan Stanley, where he had direct responsibility for up to $9 billion in client assets, he invested in listed real estate companies across all property types, including health care, and led all aspects of the U.S. research and investment process. As an investor at Morgan Stanley, BJ develope

Recommends that Shareholders Support the Company's "Say on Pay" Proposal Shareholders Urged to Vote "FOR ALL" of Ventas's Directors and "FOR" the Company's Executive Compensation Program on the WHITE Proxy Card Ventas, Inc. (NYSE:VTR) ("Ventas" or the "Company") today announced that Glass, Lewis & Co., LLC ("Glass Lewis"), an independent proxy advisory firm, has recommended that shareholders vote "FOR ALL" of Ventas's 11 experienced directors on the WHITE proxy card in advance of the upcoming Annual Meeting of Stockholders ("Annual Meeting") to be held on April 27, 2022. Both leading proxy advisory firms, Glass Lewis and Institutional Shareholder Services, have now recommended shareholde

ISS Supports Many of Land & Buildings' Arguments, Including that Ventas Has Underperformed Welltower From a TSR Perspective "In All Analyzed Time Periods" ISS Calls Appointment of Michael Embler to the Board "Unnecessarily Antagonistic" and Notes it Could "Jeopardize the Credibility of the Board's Approach to Refreshment" Given His History Land & Buildings Urges Shareholders to Vote FOR the Election of Its Highly Qualified Nominee Jonathan Litt on the BLUE Proxy Card Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significant shareholder of Ventas, Inc. (NYSE:VTR) ("Ventas", "VTR", or the "Company"), today issued the following statement i

Urges Shareholders to Vote "FOR ALL" of Ventas's Experienced Directors on the WHITE Proxy Card Ventas, Inc. (NYSE:VTR) ("Ventas" or the "Company") today announced that it has mailed a letter to shareholders in connection with its 2022 Annual Meeting of Stockholders, which is scheduled to be held virtually on April 27, 2022. The letter urges shareholders to vote the WHITE proxy card "FOR ALL" of Ventas's highly qualified directors. Shareholders of record as of March 21, 2022, are entitled to vote. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220410005056/en/(Graphic: Business Wire) The full text of the letter follows: Dear Fel

Ventas' Total Shareholder Returns and Earnings Growth Have Significantly Unperformed its Closest Peer Over the Past 10, 5, 3 and 1-Year Periods   Believes Company Will Continue to Trade at a Discount Until Self-Inflicted Investor Communication and Capital Allocation Issues Can be Corrected Believes Ventas' Bad Faith Engagement with Land & Buildings Underscores the Need for Change at the Board Level Announces Land & Buildings Has Nominated CIO Jonathan Litt for Election to the Board at Company's 2022 Annual Meeting and Has Filed Preliminary Proxy Materials Despite Prior Disappointing Engagement, Remains Open to Reaching Constructive Resolution with Ventas Today Land & Buildings Inves

Jay M. Gellert to Retire from the Board at 2022 Annual Meeting Melody Barnes to be Named Chair of the Board's Nominating & Corporate Governance Committee Confirms Receipt of Nominations from Land & Buildings and Provides Update on Engagement Ventas, Inc. (NYSE:VTR) ("Ventas" or the "Company") today announced that its Board of Directors has appointed Michael J. Embler, former Chief Investment Officer of Franklin Mutual Advisors, to its Board of Directors, effective immediately. Jay M. Gellert, a valued, current Ventas director who has served on the Ventas Board since 2001, will retire from the Board at the Annual Meeting. "Michael is a highly qualified independent director with deep inve

Ardent Health Services, a leading provider of healthcare in communities across the country, today announced the appointment of entrepreneur and former UnitedHealth Group executive Rob Webb to its board of directors. Mr. Webb currently serves as chairman of Onward Enterprises, a venture studio and investment platform focused on rapidly scaling disruptive business models in a number of industries. He is also the CEO of Onward Financing, an innovator in the residential investing and financing sector. Previously, Mr. Webb spent 19 years in executive leadership roles with UnitedHealth Group, including president of its corporate venture capital arm, UnitedHealth Group Ventures, and CEO of Optum'

Ardent Health Services, a leading provider of healthcare in communities across the country, today announced the appointment of Suzanne Campion and Edmondo Robinson, MD, MBA, to its board as new directors. Ms. Campion is managing director and chief operating officer at Doran Leadership Partners, a boutique executive search firm focused on middle market companies and large philanthropic organizations. She is also a co-founder of and senior advisor to NextLevelNPO, which provides operational, financial and strategic advisory services to non-profit clients. An experienced board member, Ms. Campion currently serves as a director for Chai Trust Company, LLC, and KIPP Chicago public charter scho

NASHVILLE, Tenn.--(BUSINESS WIRE)--Ardent Health Services today announced the appointment of Alfred Lumsdaine as chief financial officer (CFO), effective August 30, 2021. Lumsdaine is an experienced health care finance leader, having most recently served as executive vice president and CFO of Quorum Health Corporation. In this role, he oversaw financial operations for the company’s 22 acute care hospitals and led a major financial restructuring and other strategic initiatives that significantly reduced the company’s debt and improved its financial position. “Alfred is a seasoned financial leader with a strong track record of creating value for patients, employees and shareholder

Ardent Health Services today announced the appointment of Alfred Lumsdaine as chief financial officer (CFO), effective August 30, 2021. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210723005006/en/Ardent Health Services has appointed Alfred Lumsdaine chief financial officer. (Photo: Business Wire) Lumsdaine is an experienced health care finance leader, having most recently served as executive vice president and CFO of Quorum Health Corporation. In this role, he oversaw financial operations for the company's 22 acute care hospitals and led a major financial restructuring and other strategic initiatives that significantly reduced

Ardent Health Services has appointed Terika Richardson chief operating officer, effective September 7. In her new role, Richardson will oversee the operations of Ardent's 30 hospitals and more than 200 sites of care across six states. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210629006024/en/Ardent Health Services has appointed Terika Richardson Chief Operating Officer. (Photo: Business Wire) Richardson most recently served as president of Advocate Aurora Health's Central Chicagoland Patient Service Area where she oversaw the operations and strategic growth of their hospitals, clinics and ambulatory operations. Under her lea

CHICAGO--(BUSINESS WIRE)--Ventas, Inc. (NYSE: VTR) (“Ventas” or the “Company”) today announced that Maurice Smith, President and Chief Executive Officer of Health Care Service Corporation (“HCSC”), has been appointed as an independent member of its Board of Directors effective immediately. HCSC is the largest customer-owned health insurer in the United States, covering over 16 million members across its Blue Cross and Blue Shield health plans in five states. Smith, 49, is a national leader in healthcare, with over 25 years of experience in fiscal, strategic and operations leadership in the health insurance industry. Smith was named CEO of HCSC in 2020, when he was also recognized