Together, Ventas and Lillibridge will become a market leading, fully-integrated, medical office and ambulatory care developer and property manager with 8.4 million square feet of properties in 65 markets and 20 states. We believe this combination will help hospitals and health systems achieve their strategic and financial objectives during this era of healthcare reform and economic uncertainty.
WHAT THIS MEANS TO OUR CLIENTS ... CONTINUITY, FINANCIAL STRENGTH, SPEED AND CERTAINTY
- Ventas's strong balance sheet and access to capital will allow Lillibridge to -
- Continue to invest in our existing facilities
- Quickly and efficiently develop projects - without the need for external funding
- Acquire (monetize) existing healthcare facilities
- Reduce transaction risks through fast and reliable project execution
- Like our clients, the combined organization has an exclusive and dedicated focus on healthcare. Lillibridge and Ventas can assist hospitals and health systems in refreshing their growth strategies and positioning their organizations to provide quality care and integrate patient (and physician) relationships across multiple access points of care delivery channels.
- Ventas and Lillibridge offers deep expertise, capital, and real estate solutions across the entire continuum of care - from ambulatory facilities, medical offices, inpatient and specialty hospitals to skilled nursing and senior housing.
- Lillibridge's leading property management, advisory, and facility development teams will continue to serve our clients.
There has never been a more exciting time in healthcare. Coming from a position of size, scope and scale, we see great opportunity for Lillibridge to continue to grow and serve hospitals and health systems, their physicians and patients.
- Ventas and Lillibridge
- About Ventas
SPECIAL MESSAGE FROM DEBRA A. CAFARO
Debra A. Cafaro, Chairman, President and CEO | Ventas, Inc.
Debra A. Cafaro is Chairman, President and CEO of Ventas, Inc. (NYSE: VTR), an S&P 500 company. Ventas is a leading healthcare real estate investment trust (REIT) that owns a diversified portfolio of over 500 healthcare and senior housing assets located in 43 states and Canada. Ventas is the top performing publicly traded REIT for the decade ended December 31, 2009, with total shareholder return exceeding 2,000 percent for the period, and one of the ten largest REITs in the U.S.
In 2010, Ms. Cafaro was named one of the ten "Best CEOs" by Forbes (2010). She was also a recipient of the Aiming High Award from Legal Momentum, which recognizes remarkable women whose personal leadership has broken new ground for women in business (2009). She has been named an Outstanding Woman by National Real Estate Investor Magazine (2008); a Woman of Influence by Real Estate Forum (2008); Female Leader of the Year by Commercial Property News (2007); one of "50 Women to Watch" by the Wall Street Journal (its inaugural list of the top 50 women in business globally) (2004); and one of the "Best of the Best" REIT CEOs (2003).
Cafaro serves as Chair of the National Association of Real Estate Investment Trusts (NAREIT), the worldwide representative voice for REITs. She is also a member of the Board of Directors of Weyerhaeuser Company (NYSE:WY); World Business Chicago, Chicago's not-for-profit economic development corporation chaired by Mayor Richard M. Daley; and the Real Estate Roundtable. Additionally, in March 2010, Cafaro was appointed as an independent Board member of General Growth Properties (NYSE:GGP), which owns over 200 regional shopping malls in 44 states.
Following her 1982-83 service as a judicial clerk to the Hon. J. Dickson Phillips, United States Court of Appeals for the Fourth Circuit, Cafaro practiced real estate, corporate and finance law. Cafaro also taught real estate transactions and finance from 1988 to 1992 as an Adjunct Professor at Northwestern University Law School. Prior to joining Ventas, Cafaro served as President and a Director of Ambassador Apartments, Inc. (NYSE: AAH), a multifamily REIT.
Cafaro received her J.D. cum laude from the University of Chicago Law School in 1982 and her B.A. magna cum laude from the University of Notre Dame in 1979. She is married to Terrance K. Livingston and has two children. [DOB Dec-15, 1957]
Todd W. Lillibridge, Chairman and CEO | Lillibridge Healthcare Sevices
The firm is focused on the ownership and development of medical office and outpatient facilities, currently in 43 markets across 17 states. The Lillibridge portfolio totals 6.7 million square feet and serves over 5,000 physician tenants daily with a "Physicians First" approach to property management.
Mr. Lillibridge is responsible for the strategic focus, vision and overall leadership of the organization. He has vast experience in general management, property investments and development, debt and equity financing, and property operations. Mr. Lillibridge has been in this field since 1978, and prior to launching a predecessor organization, Lillibridge & Company in 1989, Mr. Lillibridge was the Chairman and CEO of Murdoch, Coll & Lillibridge, a commercial real estate development company based in Chicago.
Mr. Lillibridge received his BS with honors in Marketing and Finance from the University of Illinois at Urbana-Champaign. He currently sits on the membership committee of the Economic Club of Chicago and is Chicago Vice Chairman of the World Presidents' Organization (WPO). He sits on the Board of the Joffrey Ballet and serves as Chairman of the Facilities Committee.
His recent national speaking engagements include NAIOP (the National Association of Industrial and Office Properties), the Bank of Montreal Real Estate Conference, The American College of Healthcare Architects and AIA Academy of Architects, and the Urban Land Institute.
Mr. Lillibridge is the recipient of the E. J. Plesko Distinguished Professional in Real Estate Development Award from the University of Wisconsin, Wisconsin School of Business.
He is married to Lynn Lillibridge and has two children. [DOB Feb-14, 1956]