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Home > Company Index > Real Estate > REIT - Healthcare Facilities > Monarch Properties, Inc.

Monarch Properties, Inc.
 PROFILE
Monarch Properties may be counted among the royalty of real estate investment trusts (REITs) that own health care-related properties. The REIT owns more than 30 facilities, all of which it purchased from Integrated Health Services, a post-acute health care services provider. Monarch leases these facilities, which include skilled nursing centers and specialty hospitals, to Lyric Health Care Holdings, which is half-owned by Integrated Health Services. The REIT operates nationwide. Integrated Health Services, which manages all of Monarch's properties, has filed for Chapter 11 bankruptcy because of reduced government reimbursements.

 COMPETITION
Health Care Property Investors, Inc. (HCP)
Healthcare Realty Trust Incorporated (HR)
National Health Investors, Inc. (NHI)

 FINANCIAL OVERVIEW
1997 Sales (mil.): 0.00
Employees: 5
Revenue per employee: $0.00

 KEY PEOPLE
• John B. Poole
    CEO
• Douglas Listman
    CFO

 CONTACT INFO
9240 Bonita Beach Rd.
Bonita Springs, FL 34135
US
Phone: 941-949-2155
Fax: 941-949-2154
Online: Web Site

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