IRVINE, Calif., Oct. 30, 2019 /PRNewswire/ -- HCP, Inc.
(NYSE: HCP) announced today that it has changed its name to
Healthpeak Properties, Inc. ("Healthpeak"), effective today.
Healthpeak's common stock is expected to begin trading under its
new name and ticker symbol "PEAK" on the New York Stock
Exchange at the opening of trading on November 5, 2019.
"Changing our name to Healthpeak Properties represents the
culmination of efforts to reposition our strategy, team, portfolio
and balance sheet," said Tom Herzog,
Healthpeak's Chief Executive Officer. "Over the last few years, we
have successfully transitioned to a vastly improved and more
focused portfolio that we expect to produce high-quality cash
flows, consistent earnings and strong dividend growth through the
cycles."
"We have developed a more disciplined investment approach,"
continued Mr. Herzog. "We are an innovative company at the
forefront of providing premium real estate to the evolving
healthcare industry, and are focused on delivering value to our
shareholders, customers and employees."
Organizational Leadership Promotions
Healthpeak today announced the following leadership promotions,
effective January 1, 2020:
Scott Brinker, in addition
to his role as Chief Investment Officer, will be promoted to
President. Mr. Brinker has contributed to the successful
repositioning of Healthpeak's portfolio with his deep industry
experience and strong relationships. Mr. Brinker will assume full
operational oversight of Healthpeak's business segments, with the
three business segment leaders reporting to him. He will also
continue to be responsible for enterprise-wide investments and
portfolio management, including acquisitions and dispositions. This
promotion will enable stronger strategic alignment across our
segments, accelerated decision-making and portfolio
optimization.
Jeff Miller will be
promoted to Executive Vice President - Senior Housing. In this
expanded role, Mr. Miller will be responsible for oversight and
execution of the Senior Housing segment, including advancing
operational excellence.
Lisa Alonso will be
promoted to Executive Vice President and Chief Human Resources
Officer. Ms. Alonso will continue to oversee all human resource
activities, while taking on greater leadership responsibilities and
oversight. She will continue to enhance Healthpeak's position as an
employer of choice, focusing on a people-first culture that
attracts, develops and retains top talent.
Additional announcements that are effective immediately:
Barbat Rodgers has been promoted to Senior Director and will
lead our Investor Relations effort and Andrew Johns will head our Financial
Planning & Analysis team.
"Today's announcements mark a significant milestone in
Healthpeak's 35-year history," added Herzog. "With the right
leadership, strategy, portfolio and balance sheet in place, coupled
with an energized and talented team, the opportunities in front of
us are many. It is an exciting time to be at Healthpeak, as we are
well-positioned to create long-term value for all of our
stakeholders."
In addition to its new name, Healthpeak launched its redesigned
website at www.healthpeak.com, which is more informative and easier
to use. The previous site, www.hcpi.com, will redirect visitors to
the new site, effective immediately.
CONFERENCE CALL INFORMATION
Healthpeak has scheduled a conference call and webcast for
Thursday, October 31, 2019, at
9:00 a.m. Pacific Time (12:00 p.m. Eastern Time) to present its
performance and operating results for the third quarter ended
September 30, 2019. The conference
call is accessible by dialing (888) 317-6003 (U.S.) or (412)
317-6061 (International). The conference ID number is 2983226. You
may also access the conference call via webcast in the Investor
Relations section of our website at http://ir.healthpeak.com. An
archive of the webcast will be available on Healthpeak's website
through October 31, 2020, and a
telephonic replay can be accessed through November 15, 2019, by dialing (877) 344-7529
(U.S.) or (412) 317-0088 (International) and entering conference ID
number 10135160. Our Supplemental Report for the current period is
also available, with this earnings release, in the Investor
Relations section of our website.
ABOUT HEALTHPEAK PROPERTIES
Healthpeak Properties, Inc. is a fully integrated real estate
investment trust (REIT) and S&P 500 company. Healthpeak owns
and develops high-quality real estate in the three private-pay
healthcare asset classes of Life Science, Senior Housing and
Medical Office, designed to provide stability through the
inevitable industry cycles. At Healthpeak, we pair our deep
understanding of the healthcare real estate market with a strong
vision for long-term growth. For more information regarding
Healthpeak, visit www.healthpeak.com. Healthpeak's common
stock is expected to begin trading under its new name and ticker
symbol "PEAK" on the New York Stock Exchange on November 5, 2019.
FORWARD-LOOKING STATEMENTS
Statements in this release that are not historical facts are
"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. Forward-looking
statements include, among other things, statements regarding our
and our officers' intent, belief or expectation as identified by
the use of words such as "may," "will," "project," "expect,"
"believe," "intend," "anticipate," "seek," "target," "forecast,"
"plan," "potential," "estimate," "could," "would," "should" and
other comparable and derivative terms or the negatives
thereof. Examples of forward-looking statements include,
among other things, statements regarding our name, ticker symbol
and website changes and the expected timing and/or benefits
thereof, our outlook, performance and growth projections, and the
timing and/or expected benefits of the leadership promotions.
Forward-looking statements reflect our current expectations
and views about future events and are subject to risks and
uncertainties that could significantly affect our future financial
condition and results of operations. While forward-looking
statements reflect our good faith belief and assumptions we believe
to be reasonable based upon current information, we can give no
assurance that our expectations or forecasts will be
attained. Further, we cannot guarantee the accuracy of any
such forward-looking statement contained in this release, and such
forward-looking statements are subject to known and unknown risks
and uncertainties that are difficult to predict. See Part I, Item 1A. "Risk Factors" in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2018 for a description of risks and
uncertainties that may cause our actual results to differ
materially from the expectations contained in the forward-looking
statements herein. Except as required by law, we do not
undertake, and hereby disclaim, any obligation to update any
forward-looking statements, which speak only as of the date on
which they are made.
CONTACT
Barbat Rodgers
Senior Director – Investor Relations
949-407-0400
View original content to download
multimedia:http://www.prnewswire.com/news-releases/hcp-changes-name-to-healthpeak-properties-and-announces-promotion-of-scott-brinker-to-president-and-chief-investment-officer-along-with-other-leadership-promotions-300947602.html
SOURCE Healthpeak Properties, Inc.