Windrose Medical (NYSE:WRS)
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Windrose Medical Properties Trust Announces CFO Resignation and
Interim CFO Appointment
INDIANAPOLIS, June 15 /PRNewswire-FirstCall/ -- Windrose Medical Properties
Trust (NYSE:WRS), a self-managed specialty medical properties REIT, announced
today the resignation of C. Douglas Hanson, Vice President and Chief Financial
Officer. The Company will conduct a search for a replacement to Mr. Hanson.
Mr. Hanson will continue his duties until June 30, 2005, at which time he will
leave to pursue another opportunity. Fred Farrar, President and COO, will
serve as the interim Chief Financial Officer. Patricia Bush, who joined
Windrose in May 2005 as Corporate Controller, will continue to manage the
accounting duties.
Mr. Hanson stated, "Windrose has a quality and capable staff within its
accounting and finance departments and is positioned to absorb this transition.
I will miss the friends and relationships I have developed, and truly
appreciate the opportunities presented to me during my time at Windrose and
HADC."
Fred S. Klipsch, Chairman and Chief Executive Officer, stated, "We thank Doug
for his tireless efforts during our successful establishment as a public
company and his role in building the support side of our business and our
accounting and finance staff. We are sad to see Doug go and wish him nothing
but continued success in his new endeavors."
About Windrose
Windrose is a self-managed Real Estate Investment Trust (REIT) based in
Indianapolis, Indiana with offices in Nashville, Tennessee. Windrose was formed
to acquire, selectively develop and manage specialty medical properties, such
as medical office buildings, outpatient treatment diagnostic facilities,
physician group practice clinics, ambulatory surgery centers, specialty
hospitals, outpatient treatment centers and other healthcare related specialty
properties.
Safe Harbor
Some of the statements in this news release constitute forward-looking
statements. Such statements include, in particular, statements about our
beliefs, expectations, plans and strategies that are not historical facts. You
should not rely on our forward-looking statements because the matters they
describe are subject to known and unknown risks, uncertainties, assumptions and
changes in circumstances, many of which are beyond our control, which may cause
our actual results to differ significantly from those expressed in any
forward-looking statement. The factors that could cause actual results to
differ materially from current expectations include financial performance and
condition of our lessees, adverse changes in healthcare laws, changes in
economic and general business conditions, competition for specialty medical
properties, our ability to finance our operations, the availability of
additional acquisitions, regulatory conditions and other factors described from
time to time in filings we make with the Securities and Exchange Commission.
The forward-looking statements contained herein represent our judgment as of
the date hereof and we caution readers not to place undue reliance on such
statements. We do not undertake to publicly update or revise any
forward-looking statement whether as a result of new information, future events
or otherwise.
Contact:
Windrose Medical Properties Trust
Fred Farrar
President and COO
317 860-8213
Investors/Media:
The Ruth Group
Stephanie Carrington/Jason Rando
646 536-7017/7025
DATASOURCE: Windrose Medical Properties Trust
CONTACT: Fred Farrar, President and COO of Windrose Medical Properties
Trust, +1-317 860-8213; or Investors, Stephanie Carrington, +1-646-536-7017,
, or Media, Jason Rando, +1-646-536-7025,
, both of The Ruth Group