Welltower Foundation Launches to Promote Wellness for People as They Age
$250,000 Initial Grant to the Alzheimer’s Association
TOLEDO, Ohio–(BUSINESS WIRE)–Welltower Inc. (NYSE:HCN) announced today the launch of the Welltower
Foundation. The foundation is focused on positively transforming the
quality of life for an aging population, and will support organizations
and innovations that promote wellness and improve care for people as
they age.
The foundation will launch with a $250,000 grant to the Alzheimer’s
Association in support of their Brain Ball, to be held at the Andrew W.
Mellon Auditorium in Washington D.C. on May 6, 2016. The Brain Ball is a
national event designed to elevate the profile of Alzheimer’s disease
and its impact on families, and raises funds for research and critical
support services for individuals, families and caregivers facing the
daily challenges of the devastating disease.
“The launch of the Welltower Foundation is a natural extension of our
focus on helping people live well as they age,” said Erin Ibele,
President of the Welltower Foundation. “We are honored that our first
action will be to partner with the Alzheimer’s Association to help raise
the awareness and funds vital to tackling Alzheimer’s disease and its
impact on society.”
The Alzheimer’s Association recently named Welltower’s Chief Executive
Officer Thomas J. DeRosa as the Brain Ball’s National Honoree. DeRosa,
whose own father died of complications from Alzheimer’s, is committed to
advancing memory care and connectivity across the health care continuum
to provide quality of life and dignity for people living with dementia.
“More than 5 million Americans are living with Alzheimer’s disease and
that number is expected to triple by 2050. Our society and health care
infrastructure need to be equipped to deal with the challenges of a
growing number of people developing Alzheimer’s,” said Donna McCullough,
chief development officer, Alzheimer’s Association. “The Alzheimer’s
Association sincerely appreciates the dedication of partners like the
Welltower Foundation, Welltower and Tom DeRosa, to both support people
living with Alzheimer’s disease and to change the future of this disease
for millions.”
About Welltower
Welltower Inc. (NYSE:HCN), an S&P 500 company headquartered in Toledo,
Ohio, is driving the transformation of health care infrastructure. The
company invests with leading seniors housing operators, post-acute
providers and health systems to fund the real estate infrastructure
needed to scale innovative care delivery models and improve people’s
wellness and overall health care experience. Welltower™, a real estate
investment trust (REIT), owns more than 1,400 properties in major,
high-growth markets in the United States, Canada and the United Kingdom,
consisting of seniors housing and post-acute communities and outpatient
medical properties. More information is available at www.welltower.com.
About the Alzheimer’s Association
The Alzheimer’s Association is the leading voluntary health organization
in Alzheimer’s care, support and research. It is the largest nonprofit
funder of Alzheimer’s research. The Association’s mission is to
eliminate Alzheimer’s disease through the advancement of research; to
provide and enhance care and support for all affected; and to reduce the
risk of dementia through the promotion of brain health. Its vision is a
world without Alzheimer’s. Visit www.alz.org
or call 800-272-3900.
Contacts
Welltower Inc.
Barbara Montresor, 419-247-2800
Zack
Ottenstein, 419-247-2800
