FRANKLIN, Tenn., Feb. 13,
2023 /PRNewswire/ -- Community Healthcare Trust
Incorporated (NYSE: CHCT) (the "Company") today announced that
Timothy G. Wallace is taking a
medical leave of absence from his roles as Chairman of the Board,
Chief Executive Officer and President of the Company, effective as
of February 10, 2023, due to
complications from a peptic ulcer. The Board of Directors has
appointed David H. Dupuy, the
Company's Executive Vice President and Chief Financial Officer, as
Interim Chief Executive Officer, effective as of February 10, 2023.
"The Board wishes Tim a quick and speedy recovery, and we look
forward to his return. We have the upmost confidence in Dave and
appreciate his willingness to step in and lead our team at this
time," commented Alan Gardner, the
Company's Lead Independent Director.
About Community Healthcare Trust Incorporated
Community Healthcare Trust Incorporated is a real estate
investment trust that focuses on owning income-producing real
estate properties associated primarily with the delivery of
outpatient healthcare services in our target sub-markets throughout
the United States.
Cautionary Note Regarding Forward-Looking Statements
In addition to the historical information contained within,
the matters discussed in this press release may contain
"forward-looking statements" within the meaning of Section 27A of
the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended, pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. Forward-looking statements are generally identifiable by
use of forward-looking terminology such as "believes", "expects",
"may", "will," "should", "seeks", "approximately", "intends",
"plans", "estimates", "anticipates" or other similar words or
expressions, including the negative thereof. Forward-looking
statements are based on certain assumptions and can include future
expectations, future plans and strategies, financial and operating
projections or other forward-looking information. Such
forward-looking statements reflect management's current beliefs and
are based on information currently available to management. Because
forward-looking statements relate to future events, they are
subject to inherent uncertainties, risks and changes in
circumstances that are difficult to predict and many of which are
outside of the control of the Company. Thus, the Company's actual
results and financial condition may differ materially from those
indicated in such forward-looking statements. Some factors that
might cause such a difference include the following: general
volatility of the capital markets and the market price of the
Company's common stock, changes in the Company's business strategy,
availability, terms and deployment of capital, the Company's
ability to refinance existing indebtedness at or prior to maturity
on favorable terms, or at all, changes in the real estate industry
in general, interest rates or the general economy, adverse
developments related to the healthcare industry, changes in
governmental regulations, the degree and nature of the Company's
competition, the ability to consummate acquisitions under contract,
catastrophic or extreme weather and other natural events and the
physical effects of climate change, the occurrence of cyber
incidents, effects on global and national markets as well as
businesses resulting from increased inflation, rising interest
rates, supply chain disruptions, labor conditions, the COVID-19
pandemic and/or the conflict between Russia and Ukraine, the Company's Chief
Executive Officer's health prognosis and the other factors
described in the section entitled "Risk Factors" in the Company's
Annual Report on Form 10-K for the year ended December 31, 2021, and the Company's other
filings with the Securities and Exchange Commission from time to
time. Readers are therefore cautioned not to place undue reliance
on the forward-looking statements contained herein which speak only
as of the date hereof. The Company intends these forward-looking
statements to speak only as of the time of this press release and
undertakes no obligation to update forward-looking statements,
whether as a result of new information, future developments,
or otherwise, except as may be required by law.
CONTACT David H. Dupuy,
615-771-3052
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SOURCE Community Healthcare Trust, Inc.