Cornell and Health Care REIT renew collaboration for senior living seminar

Oct 29, 2012

Contact: Ashlee McGandy, 607.254.1368, am754@cornell.edu

The Cornell University School of Hotel Administration (SHA) and Sloan Program in Health Administration in the College of Human Ecology have renewed their collaboration with Health Care REIT, Inc. (NYSE:HCN), in which the company sponsors a senior living seminar at the university.

The two-credit academic course, Operations and Planning of Senior Living and Related Facilities, launched in 2010 with the support of SHA alumnus John Rijos, president of Brookdale Senior Living, and focuses on essential operations and management issues in the senior care industry. The course highlights the benefits associated with incorporating hospitality into the rapidly growing fields of senior housing, Continuing Care Retirement Communities (CCRCs), and assisted living facilities. Brooke Hollis, executive director of the Sloan Program in Health Administration at Cornell, will teach the course for undergraduate and graduate students.

“Through courses like these, we are expanding education and research opportunities in both hospitality and healthcare. We are grateful to Health Care REIT for providing continued support for this program,” said Steven A. Carvell, associate dean for academic affairs at SHA.

“We are excited to continue our relationship with Cornell University. The seminar provides a great opportunity to introduce students from diverse disciplines to the growth potential of the senior housing industry,” Chuck Herman, executive vice president and chief investment officer at Health Care REIT.

The collaboration with Health Care REIT will also enhance research efforts and facilitate additional recruiting opportunities at Cornell. The Center for Hospitality Research (CHR) at SHA will plan a future research project based on industry data supplied by Health Care REIT. After donating the data, Health Care REIT will be enrolled as a “corporate friend” of the CHR. The company will also have several exclusive opportunities to meet with and recruit Cornell students.

About Health Care REIT, Inc.
Health Care REIT, Inc., an S&P 500 company with headquarters in Toledo, Ohio, is a real estate investment trust that invests across the full spectrum of senior housing and health care real estate. The company also provides an extensive array of property management and development services. More information is available on the company's website at www.hcreit.com.

About Cornell Sloan Program in Health Administration
Established in 1955, the Sloan Program is the nation's first two-year graduate program in health care management and has been training future health care leaders for over half a century.  It is named to acknowledge the support of the Alfred P. Sloan Foundation, which selected Cornell and funded the development of a new program to promote application of modern management practices to health care. Sloan is located in the multidisciplinary College of Human Ecology, which has a number of other programs that relate to senior living and health, including the Cornell Institute for Translational Research on Aging (CITRA) and an interdepartmental Gerontology program. For additional information: www.sloan.cornell.edu.

About the Cornell School of Hotel Administration
The Cornell University School of Hotel Administration is shaping the global knowledge base for hospitality management through leadership in education, research and industry advancement. The school provides management instruction in the full range of hospitality disciplines, educating the next generation of leaders in the world's largest industry. Founded in 1922 as the nation's first collegiate course of study in hospitality management, the Cornell School of Hotel Administration is recognized as the world leader in its field. For more information, visit www.hotelschool.cornell.edu.