Wednesday, 10 August 2016 08:30 AM
BETHESDA, MD / ACCESSWIRE / August 10, 2016 / Global Medical REIT Inc. (NYSE: GMRE) ("Global Medical"), a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share, announced today that it has expanded the Company's senior management team with the appointment of Frank Wilich, Jr. as Senior Vice President of Business Development.
Mr. Wilich has an extensive background in healthcare real estate and will work out of the Company's Boston office. The Company is expanding its pipeline of potential property acquisitions, and Mr. Wilich will have a primary responsibility for growing Global Medical's strategic relationships with leading clinical operators with dominant market share.
David Young, Chief Executive Officer of Global Medical REIT, stated, "We are confident that Frank will make an important contribution to the Company as we pursue the expansion of our portfolio. He brings with him an extensive network of contacts within medical and real estate markets which we intend to leverage. Frank is an experienced and proven entrepreneur, and I believe his experience and knowledge will be quite valuable at this stage in Global Medical's development."
Background on Frank Wilich, Jr.
Frank Wilich, Jr. brings experience in new business development, mergers and acquisitions, B2B marketing, operations, private investment, government relations and large account sales in the medical technology, healthcare delivery, and most recently, medical real estate financial services.
For the past 20 years, Mr. Wilich has been the principal of FW Associates, an investment firm through which he launched several private companies involved in international medical device marketing, chemical processing and specialty hospitals. In 2002, Mr. Wilich co-founded Specialty Hospitals of America, a $100 million private integrated hospital and long-term care system. He also co-founded and served as Chief Executive Officer of Pharmco Products, a chemical processing business that reached $50 million in revenue. Additionally, Mr. Wilich served as President and Treasurer at Polychem Corporation, a medical technology manufacturing company that was sold in 1998.
Earlier in his career, Mr. Wilich served as Territory Manager for IBM, and held various field positions and then was Director of Marketing for American Hospital Supply Corp. Mr. Wilich earned his BA from Dartmouth College, and his MBA from The Whittemore School of Business and Economics at University of New Hampshire.
About Global Medical REIT Inc.
Global Medical REIT Inc. is a Maryland corporation engaged primarily in the acquisition of licensed, state-of-the-art, purpose-built healthcare facilities and the leasing of these facilities to leading clinical operators with dominant market share. The Company intends to produce increasing, reliable rental revenue by expanding its portfolio, and leasing each of its healthcare facilities to a single market-leading operator under a long-term triple-net lease. The Company's management team has significant healthcare, real estate and public real estate investment trust, or REIT, experience and has long-established relationships with a wide range of healthcare providers. The Company intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
Contacts:
Investor Relations Counsel
The Equity Group Inc.
Adam Prior, Senior Vice President
(212) 836-9606 / [email protected]
Jeremy Hellman, Senior Associate
(212) 836-9626 / [email protected]
SOURCE: Global Medical REIT Inc.