Type Public Founded 1998 | Revenue 3.076 billion USD (2014) Net income 475.8 million USD (2014) | |
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Traded as NYSE: VTR
S&P 500 Component Industry Real estate investment trust Key people Debra Cafaro, Chairman and CEO Stock price VTR (NYSE) US$ 65.04 +0.54 (+0.84%)31 Mar, 4:03 PM GMT-4 - Disclaimer CEO Debra Cafaro (5 Mar 1999–) Headquarters Chicago, Illinois, United States Subsidiaries Ardent Health Services, Ventas Capital Corporation | ||
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 2014 it is a Fortune 1000 corporation.
History
The company was founded in 1998 as a spin-off of Vencor, 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.
Ventas acquired the real estate investments of Ardent Health Services in 2015.