Healthpeak Properties

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Healthpeak Properties, Inc.
RevenueIncrease US$1.896 billion (2021)
Decrease US$1.645 billion (2020)
Increase US$1.997 billion (2019)
Increase US$502 million (2021)
Total assetsIncrease US$15.258 billion (2021)
Total equityIncrease US$7.059 billion (2021)
Number of employees
193 (December 2023)
Websitewww.healthpeak.com
Footnotes / references
[1]

Healthpeak Properties, Inc. is an American

Denver, Colorado with offices in Irvine, Nashville and San Francisco. As of December 31, 2019, the company owned interests in 617 properties.[1]

History

The company was founded in 1985 with 2 acute care hospitals and 22 skilled nursing facilities.[2]

In 1985, the company became a public company via an initial public offering.[3]

Effective September 2007, the company changed its name from Health Care Property Investors, Inc. to HCP, Inc.[2]

In March 2008, the company was added to the

S&P 500 Index.[4]

In October 2016, the company completed the corporate spin-off of Quality Care Properties.[3]

In October 2019, the company restructured its joint venture with Brookdale Senior Living.[5] The company also changed its name to Healthpeak Properties, Inc. and ticker symbol from "HCP" to "PEAK" effective November 5, 2019.[6]

In November 2020, the company announced they chose Denver for their new HQ, over Dallas and Nashville.[7]

In March 2024, the company closed its all-stock merger of equals valued at approximately $21 billion with Physicians Realty Trust. Also, the ticker symbol for the company changed from "PEAK" to "DOC" effective March 4, 2024.[8] Healthpeak Properties also obtained a five-year, $750 million unsecured term loan with $210 in Physicians Realty Trust private placement notes to support its development. In addition, the company entered into a swap agreement to lock in an interest rate of 4.5% for the life of the loan.

The Healthpeak Properties Board of Directors has added five new members from the Physicians Realty Trust Board of Directors: John Thomas, Ava Lias-Booker, Pamela Kessler, Governor Tommy Thompson, Richard Weiss.[9]

References

  1. ^ a b "Healthpeak Properties, Inc. 2019 Form 10-K Annual Report". U.S. Securities and Exchange Commission.
  2. ^ a b "Health Care Property Investors Announces Name Change to HCP" (Press release). Business Wire. July 30, 2007.
  3. ^ a b "HCP, Inc. Completes Spin-Off of Quality Care Properties, Inc" (Press release). PR Newswire. October 31, 2016.
  4. ^ Stempel, Jonathan (March 20, 2008). "S&P 500 adds Philip Morris, HCP; Circuit City out". Reuters.
  5. ^ "HCP Announces Series of Mutually Beneficial Transactions with Brookdale" (Press release). PR Newswire. October 1, 2019.
  6. ^ "HCP Changes Name to Healthpeak Properties™ and Announces Promotion of Scott Brinker to President and Chief Investment Officer Along with Other Leadership Promotions" (Press release). PR Newswire. October 30, 2019.
  7. ^ Svaldi, Aldo (5 November 2020). "Healthpeak Properties confirms its headquarters will move from California to Denver". Denver Post. Retrieved November 17, 2020.
  8. ^ "Healthpeak Properties Closes Merger with Physicians Realty Trust". NASDAQ.com. March 1, 2024. Retrieved March 3, 2024.
  9. ^ "Healthpeak Properties Finalizes Merger with Physicians Realty Trust". Hitconsultant. Archived from the original on 2024-03-05. Retrieved 2024-03-25.

External links

  • Official website
  • Business data for Healthpeak Properties, Inc.: