TOLEDO, Ohio, Feb. 22, 2017 /PRNewswire/ -- Welltower Inc.
(NYSE: HCN) today announced a strategic collaboration with Johns
Hopkins Medicine intended to promote innovative care and wellness
for the aging population and to create programs that increase
quality, value and connectivity across the health care
continuum.
The collaboration between Welltower – whose operating platform
supports post-acute care, independent, assisted living and memory
care facilities for more than 200,000 elderly residents and
state-of-the-art outpatient medical facilities handling more than
16 million patient visits annually – and Johns Hopkins Medicine,
one of the world's pre-eminent patient care, research and teaching
institutions, recognizes the need for health systems and senior
care providers to work together to address demographic, disease and
cost challenges facing our nation's health care system.
Initially, Welltower and Johns Hopkins Medicine will explore
joint initiatives in areas including: measuring quality
outcomes in assisted living and memory care; educational programs
for patients and care givers; and sharing of health and wellness
and business expertise, information, best practices and research.
The collaboration will also assess health care market opportunities
and investments in modern, efficient infrastructure to deliver
better care at a lower cost. Mercedes
Kerr, Welltower's Executive Vice President - Business
Development & Relationship Management will lead the company's
team in assessing collaborative initiatives and opportunities with
Johns Hopkins Medicine across the company's seniors housing,
post-acute care and outpatient medical portfolio.
"Americans ages 65 to 85 and up are the fastest growing segment
of our population and the largest consumers of health care," said
Thomas J. DeRosa, Welltower's Chief
Executive Officer. "Caring for the frail elderly and people with
dementia and other diseases of aging present both clinical and
economic challenges for health systems. Our collaboration with
Johns Hopkins Medicine will advance innovation to keep this at-risk
population healthy, socially engaged and out of the high cost
hospital."
Mark Shaver, Vice President of
Business Development and Strategic Alliances for Johns Hopkins
Medicine, agrees, "This collaboration builds on our shared vision
for modern, efficient health care infrastructure. The changing
health care delivery landscape underscores the need for a
streamlined healthcare continuum to raise the quality of care,
shift care to appropriate, lower cost settings and connect
caregivers and patients as part of a patient-centered, networked
system."
About Welltower
Welltower Inc. (NYSE:HCN), an S&P 500 company
headquartered in Toledo, Ohio, is driving the transformation of health
care infrastructure. The company invests with leading seniors
housing operators, post-acute providers and health systems to fund
the real estate infrastructure needed to scale innovative care
delivery models and improve people's wellness and overall health
care experience. Welltower™, a real estate investment trust (REIT),
owns interests in approximately 1,400 properties concentrated in
major, high-growth markets in the United
States, Canada and the United Kingdom, consisting of
seniors housing and post-acute communities and outpatient medical
properties. More information is available
at www.welltower.com.
Forward-Looking Statements and Risk Factors
This press release contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
When Welltower uses words such as "may," "will," "intend,"
"should," "believe," "expect," "anticipate," "project," "estimate"
or similar expressions that do not relate solely to historical
matters, it is making forward-looking statements. In
particular, these forward-looking statements include, but are not
limited to, those relating to Welltower's investment opportunities
and plans with Johns Hopkins Medicine. Forward-looking statements
are not guarantees of future performance and involve risks and
uncertainties that may cause Welltower's actual results to differ
materially from its expectations discussed in the forward-looking
statements. This may be a result of various factors, including, but
not limited to: the status of the economy; the status of
capital markets, including availability and cost of capital; issues
facing the health care industry; the cooperation and agreement of
Welltower and Johns Hopkins Medicine; unanticipated difficulties
and/or expenditures relating to future investments or acquisitions;
Welltower's ability to maintain its qualification as a REIT; and
other risks described in Welltower's Annual Report on Form 10-K and
in its other reports filed from time to time with the Securities
and Exchange Commission. Finally, Welltower undertakes no
obligation to update or revise publicly any forward-looking
statements, whether because of new information, future events or
otherwise, or to update the reasons why actual results could differ
from those projected in any forward-looking statements.
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SOURCE Welltower Inc.