| Business Summary | | Ventas,
Inc.
is
a
real
estate
investment
trust.
The
Company
owned
or
leased
45
hospitals,
216
nursing
facilities
and
eight
personal
care
facilities
in
36
states
as
of
December
31,
2000.
The
Company
conducts
substantially
all
of
its
business
through
a
wholly
owned
operating
partnership,
Ventas
Realty.
The
Company
owns
and
leases
health
care
facilities,
and
leases
or
subleases
such
facilities
to
third
parties.
As
a
result
of
announcements
during
1999
by
Vencor,
the
subsequent
bankruptcy
filing
by
Vencor
and
industry-wide
factors,
the
Company
suspended
the
implementation
of
its
original
business
strategy
in
1999.
The
Company
continued
the
suspension
of
the
implementation
of
its
original
business
strategy
during
2000
due
to
the
ongoing
Vencor
bankruptcy
proceedings. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Ventas,
Inc.
is
a
real
estate
company
that
owns
or
leases
45
hospitals
(comprised
of
two
acute
care
hospitals
and
43
long-term
acute
care
hospitals),
216
nursing
facilities
and
eight
personal
care
facilities
in
36
states
as
of
12/31/99.
For
the
six
months
ended
6/01,
revenues
fell
20%
to
$95
million.
Net
income
before
extraordinary
item
rose
29%
to
$18.7
million.
Results
reflect
lower
rental
income,
and
the
absence
of
a
$23.4
million
loss
on
uncollectables
from
Kindred. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| W. Bruce Lunsford, 53 Chairman | $443K | Debra Cafaro, 43 CEO,
Pres | 1.8M | T. Richard Riney, 43 Exec.
VP, Gen. Counsel, Sec. | 783K | John Thompson, 33 VP-
Corp. Devel. | 449K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|