Healthcare Trust CEO Edward Weil to resign if GNL-RTL merger closes; Michael Anderson recommended as successor

National Healthcare Properties, Inc.

Edward M. Weil, Jr. notified board he will resign as CEO & President if GNL-RTL merger and internalization closes.
Weil to become Co-CEO of combined GNL-RTL entity, then sole CEO after James Nelson retires in April 2024.
AR Global recommends General Counsel Michael Anderson to succeed Weil as CEO of Healthcare Trust; board has not yet designated.
Merger and internalization expected to close Q3 2023, subject to stockholder approvals of GNL and RTL.

item 5.02

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Departed

Edward M. Weil, Jr.

Chief Executive Officer and President

NHP · National Healthcare Properties, Inc.

Filed: May 30, 2023, 7:59 PM ET

On May 26, 2023, Mr. Weil notified the Company’s board of directors (the “Board”) and the nominating and corporate governance committee of the Board (the “Committee”) that, to the extent that the Merger and Internalization is completed, he intends to resign from his role as Chief Executive Officer and President of the Company and Healthcare Trust Advisors, LLC, a subsidiary of AR Global and the Company’s Advisor due to his new role as Co-Chief Executive Officer of the combined company after the completion of the Merger.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Edward M. Weil, Jr. departed as Chief Executive Officer and President at National Healthcare Properties, Inc..

Action: intends to resign
Role: Chief Executive Officer and President

Exact text from the filing

On May 26, 2023, Mr. Weil notified the Company’s board of directors (the “Board”) and the nominating and corporate governance committee of the Board (the “Committee”) that, to the extent that the Merger and Internalization is completed, he intends to resign from his role as Chief Executive Officer and President of the Company and Healthcare Trust Advisors, LLC, a subsidiary of AR Global and the Company’s Advisor due to his new role as Co-Chief Executive Officer of the combined company after the completion of the Merger.

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National Healthcare Properties, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-23-066164

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