Global Medical REIT Expands Bus. Development Team with Appointment of Mark Kennedy as a Senior Vice President of Bus. Develop...
October 04 2016 - 8:30AM
Business Wire
Global Medical REIT Inc. (NYSE:GMRE) (“Global Medical” or the
“Company”), a Maryland corporation engaged primarily in the
acquisition of licensed, state-of-the-art, purpose-built healthcare
facilities and the leasing of these facilities to leading clinical
operators with dominant market share, announced today that it has
further expanded the Company’s business development team with the
appointment of Mark Kennedy as a Senior Vice President of Business
Development.
The appointment of Mr. Kennedy follows the recent addition of
Mr. Frank Wilich, Jr. in a similar role as the Company continues to
build out its business development and acquisition functions. Mr.
Kennedy brings additional experience in healthcare real estate and
will help to lead the Company’s efforts in the southern US from the
Dallas office. As a Senior Vice President of Business Development,
Mr. Kennedy will focus on growing Global Medical’s strategic
relationships with leading clinical operators with dominant market
share. Mr. Kennedy, along with Mr. Wilich, report to the Company’s
Chief Executive Officer, who, along with the Company’s Chief
Investment Officer, lead the Company’s business development and
acquisition efforts.
David Young, Chief Executive Officer of Global Medical REIT,
stated, “We are excited to add Mark to our growing business
development team and are confident his background and expertise
will serve the company well as we focus on the growth of our
property portfolio. Mark’s extensive experience and relationships
in the healthcare industry will be an asset to our company and the
operators with whom we partner. We are confident that he can
effectively communicate Global Medical’s unique value proposition
to clinical operators seeking to monetize or upgrade their
facilities.”
Background on Mark Kennedy
Mark Kennedy brings extensive healthcare industry experience to
Global Medical REIT. Prior to joining the company, Mr. Kennedy was
Chief Development Officer for a Dallas-based physician-owned
hospital corporation and also served as the Chief Executive Officer
of its first surgical hospital located in Plano, Texas. In 1999 he
co-founded Rockwall Hospital Corporation and served as its
President and Chief Executive Officer until 2010.
Mr. Kennedy led Rockwall in its creation of two acute care
physician joint ventured hospitals, netting approximately $325
million in patient gross revenues in the hospital’s first 18-24
months of operations. In the late 1990’s Mr. Kennedy was the Chief
Operating Officer of Cornerstone Health Management, a $100 million
Dallas-based hospital contract service company. He also served as
Vice President of Development for Brim Healthcare of Portland,
Oregon, and while responsible for covering roughly half of the
United States, Mr. Kennedy developed approximately $200 million in
managed revenues for the corporation.
Prior to that, he co-founded and served as Senior Vice President
of Dallas-based Epic Healthcare Services, Inc., helping to grow
this enterprise to the third largest U.S. for-profit hospital
management company in less than three years, managing over $1.2
billion in gross revenues. He began his healthcare career with
Baxter/American Hospital Supply Corporation and later with General
Medical Corporation. Mr. Kennedy received his Bachelor of Business
Administration in Management from Stephen F. Austin State
University, and is currently completing his MBA, Healthcare
Management at Western Governors University. He is a Founding Member
of Physician Hospitals of America and is a retired Major, United
States Marine Corps.
About Global Medical REIT Inc.
Global Medical REIT Inc. is a Maryland corporation engaged
primarily in the acquisition of licensed, state-of-the-art,
purpose-built healthcare facilities and the leasing of these
facilities to leading clinical operators with dominant market
share. The Company intends to produce increasing, reliable rental
revenue by expanding its portfolio, and leasing each of its
healthcare facilities to a single market-leading operator under a
long-term triple-net lease. The Company’s management team has
significant healthcare, real estate and public real estate
investment trust, or REIT, experience and has long-established
relationships with a wide range of healthcare providers. The
Company intends to elect to be taxed as a REIT for U.S. federal
income tax purposes commencing with our taxable year
ended December 31, 2016.
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version on businesswire.com: http://www.businesswire.com/news/home/20161004005463/en/
Investor Relations CounselThe Equity Group Inc.Jeremy Hellman,
212-836-9626Senior Associatejhellman@equityny.comorAdam Prior,
212-836-9606Senior Vice Presidentaprior@equityny.com
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