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The company was founded in 1970 by Bruce Thompson and Frederic D. Wolfe as the first healthcare focused real estate investment trust. [1] The company was led by George Chapman from 1996 to 2014, when he retired and was succeeded by Thomas DeRosa. [4] [5] Originally named Health Care Fund, the company changed its name to Health Care REIT in 1985.
The REIT spent $71.58 million in a joint venture with GIC, a Singaporean fund management company, to buy Brisbane Hospital in Queensland, Australia. [11] The joint venture fund further raised $2.4 billion in the same year for various healthcare projects and reached a total fundraising of over $6 billion. [ 11 ]
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]
Health Care REIT, Inc. Updated Corporate Presentation Available on Company Website TOLEDO, Ohio--(BUSINESS WIRE)-- Health Care REIT, Inc. (NYSE: HCN) announced today that its updated corporate ...
A health care real estate investment trust, known as REIT, could be a smart move if you want to capitalize on aging trends by including senior housing, medical and nursing facilities in their ...
Health Care REIT, Inc. Completes Investment with Revera Inc. TOLEDO, Ohio--(BUSINESS WIRE)-- Health Care REIT, Inc. (NYSE: HCN) announced today that it has completed the acquisition with Revera ...
The company was founded in 1985 with 2 acute care hospitals and 22 skilled nursing facilities. [2] In 1985, the company became a public company via an initial public offering. [3] Effective September 2007, the company changed its name from Health Care Property Investors, Inc. to HCP, Inc. [2] In March 2008, the company was added to the S&P 500 ...
Health Care REIT to Present at the Citi 2013 Global Property CEO Conference TOLEDO, Ohio--(BUSINESS WIRE)-- Health Care REIT, Inc. (NYSE: HCN) today announced that senior management will present ...