Ventas notches major growth in Q1
Contemporary Long-Term Care Weekly, May 17, 2007
Louisville, KY-based Ventas Inc. is off to a banner year start in 2007, reporting a net income in the first quarter up 55% ($45 million) from the same period last year ($29 million), according to a company press release. Ventas' total revenues also increased by 25%, to the tune of $122 million, up from $98 million last year. Ventas spokespeople attributed the bump in profits to a rent reset on the 255 facilities it leases to Kindred Healthcare, Inc., and also strong internal growth. Ventas also purchased Sunrise Senior Living Real Estate Investment Trust for $1.96 billion.
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