Ventas Names Peter J. Bulgarelli EVP Office and President & CEO Lillibridge Healthcare Services
March 26 2018 - 8:01AM
Business Wire
- Proven Executive Brings More Than 30
Years’ Experience to the Role
- Strong Track Record of Success
across Real Estate, Healthcare, Life Sciences and Higher
Education
Ventas, Inc. (NYSE: VTR) has named Peter J. Bulgarelli
Executive Vice President of Office and President and Chief
Executive Officer of Lillibridge Healthcare Services, Inc. (“LHS”)
to lead its integrated 25 million square foot ambulatory medical
office building (“MOB”) and university-based life science
portfolio. His appointment is effective on April 9, 2018.
Bulgarelli will serve as a member of the Ventas executive
leadership team, reporting to Chairman and Chief Executive Officer
Debra A. Cafaro, and will be based at the Company’s Chicago
headquarters office.
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Peter J. Bulgarelli (Photo: Business
Wire)
Bulgarelli joins Ventas following a successful 28-year career at
Jones Lang LaSalle, Incorporated (“JLL”), a global professional
services firm specializing in real estate, most recently leading
JLL’s industry focused businesses including healthcare, life
sciences and higher education, including academic medical
centers.
“We are delighted to welcome Pete to Ventas. He is an
accomplished executive with decades of experience delivering
results and partnering with institutional clients and will be an
outstanding addition to our best-in-class, skilled and cohesive
team,” said Cafaro. “With 28 years of growth and innovation across
real estate, most recently in the spaces of healthcare, life
sciences and universities, Pete is perfectly positioned to lead and
unify our outstanding ambulatory medical office and life science
business and take it to the next level of success and
performance.”
Bulgarelli, age 58, currently serves as Executive Managing
Director, Industries at JLL, overseeing the integrated services for
life sciences, healthcare, government and universities, including
academic medical centers. Under his leadership, JLL provides
integrated facility management services for healthcare and life
science facilities across the country, including many major
healthcare systems. Bulgarelli’s client experience includes:
Kindred Healthcare, Adventist Health and Main Line Health and many
Fortune 100 companies. He oversees 1,500 dedicated healthcare
professionals who serve 540 hospitals and their ambulatory
portfolios across the U.S. Prior to his current role, Bulgarelli
was Executive Managing Director, Healthcare Solutions, where he
oversaw the establishment and management of an integrated
healthcare services business, one of JLL’s fastest growing
businesses. Bulgarelli earned his B.S. in civil engineering from
the University of Illinois and received his M.B.A. from
Northwestern University’s Kellogg Graduate School of Business.
Todd W. Lillibridge, Ventas’s EVP of Medical Property Operations
and President and CEO of LHS, will remain at Ventas to ensure
Bulgarelli’s successful onboarding and integration with health
systems, employees and partners, and will thereafter represent the
Company on selected strategic initiatives and innovation projects.
Todd has held his current position since the Company acquired LHS
in 2010. Following the acquisition, the Ventas MOB business has
grown by more than seven times, reaching nearly 20 million sq. ft.
in 32 states and covering more than 400 relationships with leading
health systems. In September 2016, Ventas acquired its
university-based life science business and has since grown its
overall life science footprint by nearly 40 percent, with
cumulative investments approximating $2 billion.
“Todd is an icon in the medical office space,” said Cafaro. “It
has been a great privilege to partner with Todd over the last eight
years as he led the growth and operations of our world-class
medical office franchise with integrity and an unwavering focus on
supporting clients, patients and physicians. Todd has an
exceptional legacy and I thank him from all of us at Ventas for his
countless contributions to our company and our team.”
“I am proud of our team’s accomplishments over the last 25 years
as we paved the way for the MOB space as a highly valuable
institutional asset class,” said Lillibridge. “Pete inherits a
strong business, excellent portfolio and great team as he joins us.
We have selected a strong executive in Pete, whose deep healthcare,
life science and university relationships, pertinent experience and
focus on customers will help to sustain our long track record of
growth, innovation and value creation.”
Ventas, Inc., an S&P 500 company, is a leading real estate
investment trust. Its diverse portfolio of more than 1,200 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.
The Company routinely announces material information to
investors and the marketplace using press releases, Securities
and Exchange Commission (“SEC”) filings, public conference
calls, webcasts and the Company’s website
at www.ventasreit.com/investor-relations. The information that
the Company posts to its website may be deemed to be material.
Accordingly, the Company encourages investors and others interested
in the Company to routinely monitor and review the information that
the Company posts on its website, in addition to following the
Company’s press releases, SEC filings and public
conference calls and webcasts.
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version on businesswire.com: https://www.businesswire.com/news/home/20180326005527/en/
Ventas, Inc.Louise AdhikariVice President Marketing &
Corporate
Communications+1-312-660-3816louise.adhikari@ventasreit.com
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