Healthcare Realty Trust Files Form 8-K Regarding a Change in Board of Directors
April 29 2005 - 4:21PM
PR Newswire (US)
Healthcare Realty Trust Files Form 8-K Regarding a Change in Board
of Directors NASHVILLE, Tenn., April 29 /PRNewswire-FirstCall/ --
Healthcare Realty Trust Incorporated (NYSE:HR) filed a Form 8-K
announcing a change in the Company's Board of Directors. As
previously disclosed in a Form 8-K filed on March 23, 2005, the
Company will be restating its financial statements for the years
ended December 31, 2003, 2002, 2001 and 2000. Ernst & Young LLP
will reaudit the restated financial statements as of December 31,
2003 and for each of the years in the two-year period then ended.
One of the Company's directors, Bruce D. Sullivan, is a retired
partner of Ernst & Young. Because Mr. Sullivan still receives a
pension payment from Ernst & Young, he resigned from the
Company's Board of Directors effective April 27, 2005 to preserve
Ernst & Young's independence. There were no disagreements
between Mr. Sullivan and management of the Company or other members
of the Board of Directors concerning the Company. Healthcare Realty
Trust is a real estate investment trust that integrates owning,
managing and developing income-producing real estate properties
associated with the delivery of healthcare services throughout the
United States. As of December 31, 2004, the Company had investments
of approximately $2.0 billion in 253 real estate properties or
mortgages, totaling approximately 13.2 million square feet. The
Company's portfolio was comprised of six major facility types,
located in 31 states. The Company provided property management
services to approximately 7.7 million square feet nationwide. In
addition to the historical information contained within, the
matters discussed in this press release may contain forward-looking
statements that involve risks and uncertainties. These risks are
discussed in a 10-K filed with the SEC by Healthcare Realty Trust
for the year ended December 31, 2003. Forward-looking statements
represent the Company's judgment as of the date of this release.
The Company disclaims any obligation to update forward-looking
material. DATASOURCE: Healthcare Realty Trust Incorporated CONTACT:
Scott W. Holmes, Senior Vice President and Chief Financial Officer
of Healthcare Realty Trust Incorporated, +1-615-269-8175 Web site:
http://www.healthcarerealty.com/ Company News On-Call:
http://www.prnewswire.com/comp/112435.html
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