Ventas (company)

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Ventas, Inc.
Public
Traded asNYSEVTR
S&P 500 Component
IndustryReal estate investment trust
Founded1998
Headquarters353 North Clark
Chicago
Key people
Debra Cafaro, Chairman and CEO
RevenueIncrease US$ 3.076 billion (2014)[1]
Increase US$ 475.8 million (2014)[1]
Number of employees
493[2] (2017)
Websitehttp://www.ventasreit.com

Ventas, Inc., a real estate investment trust (REIT), invests primarily in real estate serving the United States healthcare industry. The company acquires, develops, leases, disposes and manages healthcare real estate. As of 2018 it is a Fortune 1000 corporation.[3]

History[edit]

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 nominee for Senator from Kentucky in 2008.

According to Richard Daft and Carol Hymowitz, then-CEO Debra Cafaro anticipated the 2008 financial crisis. Her insistence on building cash reserves before the crisis ensured that the company made it through the crisis successfully.[5][6]

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

References[edit]

  1. ^ a b "10-K 2014 for Ventas, Inc". SEC. Retrieved 29 April 2015.
  2. ^ "Ventas". Fortune. Retrieved 2019-02-08.
  3. ^ "Ventas". Fortune. Retrieved 2019-02-08.
  4. ^ "Vencor Agrees To Settlement Deal". Sarasota Herald-Tribune. The Associated Press. 21 March 2001. Retrieved 24 April 2015.
  5. ^ Daft, Richard (2011). Management. Cengage Learning. ISBN 9781133421580.
  6. ^ Hymowitz, Carol (28 April 2010). "Ventas Chief Debra Cafaro's Recipe For Success". Fortune magazine. 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.

External links[edit]