Ventas Announces Lillibridge Healthcare Services CEO Transition
July 28 2017 - 7:10AM
Business Wire
Todd W. Lillibridge to Transition Out of Top
Executive Role in Early 2018
Ventas, Inc. (NYSE: VTR) announced today that Todd W.
Lillibridge, President and CEO of Lillibridge Healthcare Services
(“LHS” or “the MOB Business”) and EVP Medical Property Operations
for Ventas will transition to a new role as Senior Advisor to the
Ventas Chairman and CEO in early 2018. Ventas intends to appoint a
new leader of the MOB Business and will commence the search process
promptly.
Lillibridge is committed to leading the MOB Business in his
current capacity until a successor is appointed, and in ensuring a
seamless transition of responsibilities to the new CEO.
“Todd is a visionary who founded his namesake company more than
25 years ago with the goal of providing comprehensive real estate
solutions to high-quality hospitals and health systems. He
pioneered the MOB business as a unique institutional asset class,
and built a nationally-respected brand,” said Debra A. Cafaro,
Ventas Chairman and Chief Executive Officer. “LHS is a strong,
enduring company and I have great confidence in its continued
success. Todd has thrived as an entrepreneur, an energetic business
partner focused on clients’ goals, an inspiring leader, mentor and
colleague, and we are grateful for his ongoing contributions to our
industry and to Ventas.”
“This is another inflection point in my journey in the world of
healthcare real estate, and I look forward to supporting the
transition and to working closely with the Ventas and Lillibridge
teams to continue leveraging our success,” said Lillibridge. “I am
proud of what we accomplished over the past 25+ years, and I want
to express my sincere thanks to the people who have helped me build
this great company. It has been an honor and a privilege to lead
our dedicated employees and serve more than 400 of the nation’s top
hospitals and health systems with integrity and excellence.”
Lillibridge joined Ventas in 2010 with the closing of Ventas’s
acquisition of LHS. Under his leadership, the MOB Business has
grown more than seven times. Broadly acknowledged as one of the
nation’s largest medical office portfolios, LHS operates 21+
million square feet of outpatient facilities in more than 250
markets across 32 states. The Lillibridge team serves more than
15,000 physician tenants daily and supports 40 million patient
visits each year.
Ventas, Inc., an S&P 500 company, is a leading
real estate investment trust. Its diverse portfolio of
approximately 1,300 assets in the United
States, Canada and the United Kingdom consists
of seniors housing communities, medical office buildings, life
science and innovation centers, inpatient rehabilitation and
long-term acute care facilities, health systems and skilled nursing
facilities. Through its Lillibridge
subsidiary, Ventas provides management, leasing,
marketing, facility development and advisory services to highly
rated hospitals and health systems throughout the United
States. References to “Ventas” or the “Company” mean Ventas,
Inc. and its consolidated subsidiaries unless otherwise
expressly noted. More information about Ventas and
Lillibridge can be found
at www.ventasreit.com and www.lillibridge.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170728005270/en/
Ventas, Inc.Louise AdhikariVP, Marketing & Corporate
Communications+1-312-660-3816louise.adhikari@ventasreit.com
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