{"id":2121,"date":"2021-02-28T15:53:53","date_gmt":"2021-02-28T21:53:53","guid":{"rendered":"https:\/\/1reason.com\/re\/caretrust-reit-promotes-david-sedgwick-to-president\/2121\/"},"modified":"2021-03-01T09:53:53","modified_gmt":"2021-03-01T15:53:53","slug":"caretrust-reit-promotes-david-sedgwick-to-president","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/caretrust-reit-promotes-david-sedgwick-to-president\/2121\/","title":{"rendered":"CareTrust REIT Promotes David Sedgwick to President"},"content":{"rendered":"
The title of President was previously held by Greg Stapley, CareTrust\u2019s Chairman and Chief Executive Officer. Mr. Sedgwick will also retain his Chief Operating Officer title. <\/p>\n

\u201cThis promotion reflects Dave\u2019s consistent contributions to CareTrust\u2019s success, and the critical role he will play in helping to lead CareTrust into a very bright future,\u201d said Mr. Stapley. As CareTrust\u2019s President, Mr. Sedgwick will be responsible for leading the company\u2019s investing, financing, asset management, portfolio management and investor relations activities. \u201cWith his extensive management experience in both healthcare operations and real estate investments, Dave is well-equipped to help guide CareTrust to the next level,\u201d Mr. Stapley said.<\/p>\n

Mr. Stapley pointed out that the move was consistent with CareTrust\u2019s most firmly held values. “From day one we\u2019ve believed that a healthcare REIT must be led by successful healthcare operators, combined with exceptional real estate talent and leadership that\u2019s committed to maintaining a disciplined balance sheet,\u201d he said. \u201cMr. Sedgwick clearly checks all three boxes very, very well,\u201d he added, noting that this philosophy has produced a 23% compound annual growth rate in total shareholder return over the past five years.<\/p>\n

Mr. Sedgwick brings more than 20 years\u2019 experience in the skilled nursing and seniors housing industries to his new role. Before helping to launch CareTrust, he served as Chief Human Capital Officer and President of Corporate Services at The Ensign Group, Inc., overseeing back-office and in-field support for Ensign\u2019s facilities and personally training over 100 new facility CEOs. Mr. Sedgwick has been a licensed nursing home administrator since 2001. He holds an MBA from the University of Southern California and a BS from Brigham Young University.<\/p>\n

About CareTrust REIT<\/strong>TM<\/strong><\/sup><\/p>\n

CareTrust REIT, Inc. is a self-administered, publicly-traded real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing, seniors housing and other healthcare-related properties. With a nationwide portfolio of long-term net-leased properties, and a growing portfolio of quality operators leasing them, CareTrust REIT is pursuing both external and organic growth opportunities across the United States. More information about CareTrust REIT is available at www.caretrustreit.com<\/a>.<\/p>\n

Contact:<\/strong>
CareTrust REIT, Inc.
(949) 542-3130
ir@caretrustreit.com<\/p>\n

<\/p>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

\n

SAN CLEMENTE, Calif., Feb. 09, 2021 (GLOBE NEWSWIRE) — The Board of Directors of CareTrust REIT, Inc. (NASDAQ:CTRE) announced today that David Sedgwick, CareTrust\u2019s Chief Operating Officer and one of the original members of CareTrust\u2019s seasoned management team, has been promoted to President of the company.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2121"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=2121"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2121\/revisions"}],"predecessor-version":[{"id":2136,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/2121\/revisions\/2136"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=2121"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=2121"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=2121"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}