Healthcare Realty Trust Announces Election of Bruce D. Sullivan as a Member of Board of Directors NASHVILLE, Tenn., June 23 /PRNewswire-FirstCall/ -- Healthcare Realty Trust Incorporated (NYSE:HR) today announced the Board of Directors' election of Bruce D. Sullivan as a director of the Company. Mr. Sullivan will serve as Chairman of the Audit Committee. As previously announced, Mr. Sullivan resigned from the Company's Board of Directors to preserve the independence of Ernst & Young LLP, the Company's predecessor auditor. The Company's audit committee has subsequently decided that it will engage a single firm to audit 2004, 2003 and 2002, which decision has resolved the independence issue with respect to Mr. Sullivan and Ernst & Young, so that Mr. Sullivan can return to the Board of Directors. Mr. Sullivan joined Ernst & Young in 1966. From 1974 to 1976, Mr. Sullivan served as a project director and a Fellow with the Financial Accounting Standards Board. He remained with Ernst & Young until his retirement in 2001, during which time he served as an audit partner and, finally, as the managing partner of the Nashville office. Later, Mr. Sullivan consulted with Ernst & Young in connection with the redesign of its global risk management policies and procedures. Mr. Sullivan is a certified public accountant in the states of Tennessee, Florida and North Carolina. 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 March 31, 2005, the Company had investments of approximately $1.9 billion in 246 real estate properties or mortgages, totaling approximately 12.6 million square feet. The Company's portfolio was comprised of six major facility types, located in 32 states. The Company provided property management services to approximately 7.4 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

Copyright

Healthcare Realty (NYSE:HR)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Healthcare Realty Charts.
Healthcare Realty (NYSE:HR)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Healthcare Realty Charts.