LOUISVILLE, Ky., Jan 07, 2005 /PRNewswire-FirstCall via COMTEX/ -- Ventas, Inc. (NYSE: VTR)
("Ventas" or the "Company") announced today that its Chairman, President and
Chief Executive Officer, Debra A. Cafaro, will make a presentation regarding
the Company at the 23rd Annual JPMorgan Healthcare Conference in San Francisco
on Thursday, January 13, 2005 at 1:30 p.m. Pacific Time (4:30 p.m. Eastern
Time).
The presentation will be audio-webcast and may be accessed through the
Company's website at http://www.ventasreit.com . Any written materials
accompanying the presentation will also be available on the Company's website
at the time of the presentation. The webcast and any written materials
accompanying the presentation will be archived at http://www.ventasreit.com
for 30 days after the event.
Ventas, Inc. is a leading healthcare real estate investment trust that
owns and invests in healthcare and senior housing assets in 39 states. Its
properties include hospitals, skilled nursing facilities and assisted and
independent living facilities. More information about Ventas can be found on
its website at http://www.ventasreit.com .
This press release includes forward-looking statements within the meaning
of Section 27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. All statements regarding
Ventas, Inc.'s ("Ventas" or the "Company") and its subsidiaries' expected
future financial position, results of operations, cash flows, funds from
operations, dividends and dividend plans, financing plans, business strategy,
budgets, projected costs, capital expenditures, competitive positions, growth
opportunities, expected lease income, continued qualification as a real estate
investment trust ("REIT"), plans and objectives of management for future
operations and statements that include words such as "anticipate," "if,"
"believe," "plan," "estimate," "expect," "intend," "may," "could," "should,"
"will" and other similar expressions are forward-looking statements. Such
forward-looking statements are inherently uncertain, and security holders must
recognize that actual results may differ from the Company's expectations. The
Company does not undertake a duty to update such forward-looking statements.
Actual future results and trends for the Company may differ materially
depending on a variety of factors discussed in the Company's filings with the
Securities and Exchange Commission (the "Commission"). Factors that may affect
the plans or results of the Company include, without limitation, (a) the
ability and willingness of Kindred Healthcare, Inc. ("Kindred") and certain of
its affiliates to continue to meet and/or perform their obligations under
their contractual arrangements with the Company and the Company's
subsidiaries, including without limitation the lease agreements and various
agreements entered into by the Company and Kindred at the time of the
Company's spin off of Kindred on May 1, 1998 (the "1998 Spin Off"), as such
agreements may have been amended and restated in connection with Kindred's
emergence from bankruptcy on April 20, 2001, (b) the ability and willingness
of Kindred to continue to meet and/or perform its obligation to indemnify and
defend the Company for all litigation and other claims relating to the
healthcare operations and other assets and liabilities transferred to Kindred
in the 1998 Spin Off, (c) the ability of Kindred and the Company's other
operators, tenants and borrowers to maintain the financial strength and
liquidity necessary to satisfy their respective obligations and duties under
the leases and other agreements with the Company, and their existing credit
agreements, (d) the Company's success in implementing its business strategy
and the Company's ability to identify, underwrite, consummate and integrate
diversifying acquisitions or investments, (e) the nature and extent of future
competition, (f) the extent of future healthcare reform and regulation,
including cost containment measures and changes in reimbursement policies,
procedures and rates, (g) increases in the cost of borrowing for the Company,
(h) the ability of the Company's operators to deliver high quality care and to
attract patients, (i) the results of litigation affecting the Company, (j)
changes in general economic conditions and/or economic conditions in the
markets in which the Company may, from time to time, compete, (k) the ability
of the Company to pay down, refinance, restructure, and/or extend its
indebtedness as it becomes due, (l) the movement of interest rates and the
resulting impact on the value of and the accounting for the Company's interest
rate swap agreement, (m) the ability and willingness of the Company to
maintain its qualification as a REIT due to economic, market, legal, tax or
other considerations, (n) final determination of the Company's taxable net
income for the year ending December 31, 2004, (o) the ability and willingness
of the Company's tenants to renew their leases with the Company upon
expiration of the leases and the Company's ability to relet its properties on
the same or better terms in the event such leases expire and are not renewed
by the existing tenants, and (p) the impact on the liquidity, financial
condition and results of operations of Kindred and the Company's other
operators resulting from increased operating costs and uninsured liabilities
for professional liability claims, and the ability of Kindred and the
Company's other operators to accurately estimate the magnitude of such
liabilities. Many of such factors are beyond the control of the Company and
its management.
SOURCE Ventas, Inc.
Debra A. Cafaro, Chairman, President and CEO, or Richard A. Schweinhart, Senior Vice
President and CFO, both of Ventas, Inc., +1-502-357-9000
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