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Exhibit 99.3
F O R I M M E D I A T E R E L E A S E
JULY 19, 2000
FOR MORE INFORMATION CONTACT:
MIKE CRABTREE - (419) 247-2800
ERIN IBELE - (419) 247-2800
HEALTH CARE REIT, INC. ADDS
VICE PRESIDENT - OPERATIONS
Toledo, Ohio, July 19, 2000 - HEALTH CARE REIT, INC. (NYSE/HCN) today announced
the appointment of Charles J. Herman, Jr., to the newly created position of vice
president - operations.
In making the announcement, George L. Chapman, Health Care REIT's chief
executive officer said, "We are truly pleased that someone of Chuck's experience
and abilities is joining Health Care REIT's management team. Chuck's knowledge
of the health care and senior housing industry will provide invaluable support
to our position as a leader in the sector. His decision to join our company is
an important affirmation of Health Care REIT's strategy and performance."
Herman, 35, has a broad range of health care and senior housing experience.
Since entering the industry in 1987, he has been a visible and influential
figure in the development of the senior housing sector, having served on the
Board of Directors of the Assisted Living Federation of America (ALFA) and
America Senior Housing Association (ASHA). Herman and his company have performed
a large number of valuation and consulting assignments for a broad array of
health care operators, financial services and banking organizations and
governmental entities and agencies.
Prior to joining the company, Herman has held various positions in the health
care and senior housing industry in which he was primarily responsible for
operations, staffing, information systems, research activities and day-to-day
management decisions. Most recently, Herman was a founding member and president
of Herman Turner Group, LLC, a nationally recognized health care consulting
firm.
Herman received his undergraduate degree in finance from Rider University and
his MBA from the Rider School of Business.
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Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a real estate
investment trust that invests in health care facilities, primarily nursing homes
and assisted living facilities. At June 30, 2000, the company had investments in
215 health care facilities in 34 states and had total assets of approximately
$1.2 billion. For more information on Health Care REIT, Inc., via facsimile at
no cost, dial 1-800-PRO-INFO and enter the company code - HCN. More information
is available on the Internet at http://www.hcreit.com.
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