TORONTO, Feb. 3, 2014 /CNW/ - NorthWest International Healthcare Properties REIT (the "REIT") announced today the appointment of Dr. C. David Naylor to the Board of Trustees, serving as an independent trustee.
Dr. C. David Naylor is president emeritus and professor of medicine at the University of Toronto ("U of T"). He previously served as president (2005-13) and dean of medicine (1999-2005) at U of T. Co-author of over 300 scholarly publications, Dr. Naylor was also founding CEO of the Institute for Clinical Evaluative Sciences (1991-99) and founding director of clinical epidemiology at Sunnybrook Health Sciences Centre (1990-96). He has extensive hospital and academic governance experience, and his counsel on healthcare strategy and policy has been sought by governments, associations and companies across Canada and abroad over the course of more than 25 years. Dr. Naylor is an Officer of the Order of Canada, a Fellow of the Royal Society of Canada and the Canadian Academy of Health Sciences, and a Foreign Associate of the U.S. Institute of Medicine.
"I am very excited to have David join the Board of the REIT. David brings a lifetime of knowledge and experience in the fields of healthcare and medicine; the very backbone of our niche global real estate investments. Further, David's outstanding reputation as a leader in education and public policy will only further enhance the governance of our Board," said Paul Dalla Lana, Chief Executive Officer of the REIT.
The appointment of Dr. Naylor is subject to TSX-V approval.
About NorthWest International Healthcare Properties Real Estate Investment Trust
The REIT is an unincorporated, open-ended real estate investment trust established under the laws of the Province of Ontario. The REIT's objectives are to: (i) provide its unitholders with stable and growing cash distributions from investments focused on international healthcare properties, on a tax efficient basis; (ii) enhance the value of the REIT's assets and maximize long-term unit value; and (iii) expand the asset base of the REIT.
This news release contains "forward-looking statements" within the meaning of applicable securities laws. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations, including the regulatory approval of the senior management changes. The statements in this news release are made as of the date of this release. Although the REIT believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. A discussion of the risk factors applicable to the REIT is contained under the heading "Risk Factors" in the REIT's annual information form dated March 11, 2013 and audited consolidated financial statements and management's discussion and analysis for the year ended December 31, 2012, a copy of which may be obtained on the SEDAR website at www.sedar.com.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) has approved or disapproved the contents of this press release.
SOURCE NorthWest International Healthcare Properties REIT