Sector: Front Runners
Latest Quote @ Tue May 5 18:31:53 (15 min delayed)
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Ventas, Inc. operates as a healthcare real estate investment trust (REIT) in the United States. The company finances, owns, and leases healthcare related and senior housing facilities. Its nursing facilities provide nursing care services to the elderly, as well as rehabilitation and restoration services, such as physical, occupational and speech therapies, and other medical treatment for patients and residents. Its hospitals serve medically complex and chronically ill patients, and patients who suffer from multiple systemic failures or conditions, such as neurological disorders, head injuries, brain stem and spinal cord trauma, cerebral vascular accidents, chemical brain injuries, central nervous system disorders, developmental anomalies, and cardiopulmonary disorders. Ventas also provides intensity physical, respiratory, neurological, orthopedic, and other treatment protocols for patients during recovery. Its senior housing facilities offer residential units on a month-to-month basis primarily to elderly individuals. The company also provides meals in a central dining area, as well as personal supervision and daily assistance with eating, bathing, grooming, and administering medication to assisted living residents. Its other facilities consist medical office buildings, which offer office space to physicians and other healthcare-related businesses, as well as to personal care facilities that provides care services, including supported living, neurorehabilitation, neurobehavioral management, and vocational programs for persons with acquired or traumatic brain injury. As of December 31, 2004, Ventas owned 30 senior housing facilities, 40 hospitals, 201 nursing facilities, and 16 other healthcare and senior housing facilities. It also leased 225 facilities as of the above date. As a REIT, the company would not be subject to federal income tax on the net income that it distributes to its stockholders. Ventas was founded in 1983 and is based in Louisville, Kentucky.