Ventas (company)

Ventas, Inc. is a real estate investment trust specializing in the ownership and management of health care facilities in the United States, Canada and the United Kingdom.

Ventas, Inc.
Public company
Traded asNYSE: VTR
S&P 500 Component
IndustryReal estate investment trust
Health care
Founded1998
Headquarters353 North Clark
Chicago
Key people
Debra Cafaro, Chairman and CEO
ProductsHealth care establishments
Revenue $3.8 billion (2019)[1]
$433 millions (2019)[2]
Total assets$24.7 billion[3] (2019)
Total equity$10.55 billion[4] (2019)
OwnerThe Vanguard Group (main shareholder)
Number of employees
500 (2020)
Websitehttp://www.ventasreit.com

As of December 2019, the group's portfolio consisted of 1,200 properties divided among nursing homes, medical office buildings, rehabilitation and acute care centres, special care centres, laboratories and research centres and medical-surgical centres for a total value of nearly $25 billion.

As of 2019 it is a Fortune 1000 corporation.[5]

History

The company was founded in 1998 as a spin-off of Vencor,[6] a company founded by Bruce Lunsford, who would later be an unsuccessful Democratic candidate for Governor of Kentucky in 2007 and an unsuccessful candidate for Senator from Kentucky in 2008.

Ventas acquired the real estate investments of Ardent Health Services in 2015.[7]

References
  1. https://www.ventasreit.com/investor-relations/financial-information/selected-financial-data
  2. https://www.ventasreit.com/investor-relations/financial-information/selected-financial-data
  3. https://www.ventasreit.com/sites/default/files/annual_supplemental_files/2019-Ventas-10-K-0000740260-20-000042.pdf
  4. https://www.ventasreit.com/sites/default/files/annual_supplemental_files/2019-Ventas-10-K-0000740260-20-000042.pdf
  5. "Ventas". Fortune. Retrieved 2019-02-08.
  6. "Vencor Agrees To Settlement Deal". Sarasota Herald-Tribune. The Associated Press. 21 March 2001. Retrieved 24 April 2015.
  7. Chen, Angela (July 7, 2015). "Equity Group Investments to Take Majority Stake in Ardent's Hospital Operations: Deal values Ardent at about $475 million". The Wall Street Journal. Retrieved January 11, 2016.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.