Welltower, a company that funds and invests in healthcare infrastructure, has extended the tenure of Thomas DeRosa, its chief executive, by three years and also unveiled a new organization structure.
DeRosa has led the company since April 2014. He will now remain in post through April 2020.
Jeffrey Donahue, non-executive chairman of the board of directors at Welltower, said: “Under Tom DeRosa’s leadership, Welltower is transforming its premier portfolio of healthcare real estate to a unique infrastructure platform at the forefront of aging population growth trends and the drive to move healthcare to lower cost settings.
“This strategy has delivered strong financial and operating results, created a dramatic improvement in the company's balance sheet, and increased our enterprise value to over $40 billion.
“At the same time, Tom has also emerged as a global voice advocating for how effective, modern real estate settings can promote wellness and contribute to improved outcomes for providers and payors.”
Welltower today also announced a new organization structure designed to streamline decision making and support the growth of its healthcare real estate portfolio.
DeRosa said: “Welltower has achieved exceptional growth over the past several years as we have solidified our leadership position as the owner of high-quality, healthcare real estate. As healthcare real estate evolves into a mainstream asset class, we will continue to focus on creating and sustaining best-in-class internal growth combined with targeted and strategic investments in markets where we have significant scale.
“We are introducing a new organizational structure today that will effectively utilize the power of our unique platform – capitalizing on our scale, access to data, diversity of operating expertise and tremendous depth of talent. By doing so, we are reinforcing our commitment to evolve with the value creation opportunities present in a dynamic and changing marketplace.”
Welltower, Thomas DeRosa, Healthcare, US