Healthcare Realty Trust Announces Election of Bruce D. Sullivan as a Member of Board of Directors
June 23 2005 - 5:00PM
PR Newswire (US)
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
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