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Proven Executive Brings More Than 30 Years’ Experience to the Role
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Strong Track Record of Success across Real Estate, Healthcare, Life
Sciences and Higher Education
CHICAGO--(BUSINESS WIRE)--Mar. 26, 2018--
Ventas, Inc. (NYSE: VTR) has named Peter J. Bulgarelli Executive Vice
President of Office and President and Chief Executive Officer of
Lillibridge Healthcare Services, Inc. (“LHS”) to lead its integrated 25
million square foot ambulatory medical office building (“MOB”) and
university-based life science portfolio. His appointment is effective on
April 9, 2018. Bulgarelli will serve as a member of the Ventas executive
leadership team, reporting to Chairman and Chief Executive Officer Debra
A. Cafaro, and will be based at the Company’s Chicago headquarters
office.
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Peter J. Bulgarelli (Photo: Business Wire)
Bulgarelli joins Ventas following a successful 28-year career at Jones
Lang LaSalle, Incorporated (“JLL”), a global professional services firm
specializing in real estate, most recently leading JLL’s industry
focused businesses including healthcare, life sciences and higher
education, including academic medical centers.
“We are delighted to welcome Pete to Ventas. He is an accomplished
executive with decades of experience delivering results and partnering
with institutional clients and will be an outstanding addition to our
best-in-class, skilled and cohesive team,” said Cafaro. “With 28 years
of growth and innovation across real estate, most recently in the spaces
of healthcare, life sciences and universities, Pete is perfectly
positioned to lead and unify our outstanding ambulatory medical office
and life science business and take it to the next level of success and
performance.”
Bulgarelli, age 58, currently serves as Executive Managing Director,
Industries at JLL, overseeing the integrated services for life sciences,
healthcare, government and universities, including academic medical
centers. Under his leadership, JLL provides integrated facility
management services for healthcare and life science facilities across
the country, including many major healthcare systems. Bulgarelli’s
client experience includes: Kindred Healthcare, Adventist Health and
Main Line Health and many Fortune 100 companies. He oversees 1,500
dedicated healthcare professionals who serve 540 hospitals and their
ambulatory portfolios across the U.S. Prior to his current role,
Bulgarelli was Executive Managing Director, Healthcare Solutions, where
he oversaw the establishment and management of an integrated healthcare
services business, one of JLL’s fastest growing businesses. Bulgarelli
earned his B.S. in civil engineering from the University of Illinois and
received his M.B.A. from Northwestern University’s Kellogg Graduate
School of Business.
Todd W. Lillibridge, Ventas’s EVP of Medical Property Operations and
President and CEO of LHS, will remain at Ventas to ensure Bulgarelli’s
successful onboarding and integration with health systems, employees and
partners, and will thereafter represent the Company on selected
strategic initiatives and innovation projects. Todd has held his current
position since the Company acquired LHS in 2010. Following the
acquisition, the Ventas MOB business has grown by more than seven times,
reaching nearly 20 million sq. ft. in 32 states and covering more than
400 relationships with leading health systems. In September 2016, Ventas
acquired its university-based life science business and has since grown
its overall life science footprint by nearly 40 percent, with cumulative
investments approximating $2 billion.
“Todd is an icon in the medical office space,” said Cafaro. “It has been
a great privilege to partner with Todd over the last eight years as he
led the growth and operations of our world-class medical office
franchise with integrity and an unwavering focus on supporting clients,
patients and physicians. Todd has an exceptional legacy and I thank him
from all of us at Ventas for his countless contributions to our company
and our team.”
“I am proud of our team’s accomplishments over the last 25 years as we
paved the way for the MOB space as a highly valuable institutional asset
class,” said Lillibridge. “Pete inherits a strong business, excellent
portfolio and great team as he joins us. We have selected a strong
executive in Pete, whose deep healthcare, life science and university
relationships, pertinent experience and focus on customers will help to
sustain our long track record of growth, innovation and value creation.”
Ventas, Inc., an S&P 500 company, is a leading real estate investment
trust. Its diverse portfolio of more than 1,200 assets in the United
States, Canada and the United Kingdom consists of seniors housing
communities, medical office buildings, life science and innovation
centers, inpatient rehabilitation and long-term acute care facilities,
health systems and skilled nursing facilities. Through its Lillibridge
subsidiary, Ventas provides management, leasing, marketing, facility
development and advisory services to highly rated hospitals and health
systems throughout the United States. References to “Ventas” or the
“Company” mean Ventas, Inc. and its consolidated subsidiaries unless
otherwise expressly noted. More information about Ventas and Lillibridge
can be found at www.ventasreit.com
and www.lillibridge.com.
The Company routinely announces material information to investors and
the marketplace using press releases, Securities and Exchange Commission
(“SEC”) filings, public conference calls, webcasts and the Company’s
website at www.ventasreit.com/investor-relations.
The information that the Company posts to its website may be deemed to
be material. Accordingly, the Company encourages investors and others
interested in the Company to routinely monitor and review the
information that the Company posts on its website, in addition to
following the Company’s press releases, SEC filings and public
conference calls and webcasts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180326005527/en/
Source: Ventas, Inc.
Ventas, Inc.
Louise Adhikari
Vice President Marketing &
Corporate Communications
+1-312-660-3816
louise.adhikari@ventasreit.com