Ventas (company) explained

Ventas, Inc.
Traded As:
S&P 500 Component
Type:Public company
Foundation:1998
Location:353 North Clark
Chicago
Key People:Debra Cafaro, Chairman and CEO
Revenue: $3.8 billion (2019)[1]
Net Income: $433 millions (2019)
Assets:$24.7 billion[2]
Assets Year:2019
Equity:$10.55 billion
Equity Year:2019
Num Employees:500
Num Employees Year:2020
Products:Health care facilities

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

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.[3]

History

The company was founded in 1998 as a spin-off of Vencor,[4] 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.[5] In June 2021, Ventas announced the acquisition of New Senior Investment Group.[6]

Notes and References

  1. Web site: Archived copy . 2020-03-18 . 2020-03-18 . https://web.archive.org/web/20200318145220/https://www.ventasreit.com/investor-relations/financial-information/selected-financial-data . dead .
  2. Web site: Annual Report: Ventas, Inc.
  3. Web site: Ventas. Fortune. 2019-02-08.
  4. News: Vencor Agrees To Settlement Deal . Sarasota Herald-Tribune . 21 March 2001 . The Associated Press . 24 April 2015.
  5. News: Chen. Angela. Equity Group Investments to Take Majority Stake in Ardent's Hospital Operations: Deal values Ardent at about $475 million. January 11, 2016. The Wall Street Journal. July 7, 2015.
  6. News: Regan . Tim . Ventas to Acquire New Senior Investment Group in $2.3B Transaction . Senior Housing News . 12 March 2022 . 28 June 2021.