HCP Inc. President Justin Hutchens will leave the Irvine-based healthcare-focused real estate investment trust to lead Darlington, England-based HC-One Ltd. as chief executive.
Hutchens joined HCP in 2015 as executive vice president; he later served as chief investment officer and added the president’s role in January, and will remain in his current role through June 1.
HCP has hired executive search firm Russell Reynolds Associates to find a new chief investment officer.
HC-One offers a range of care services in the home that include independent home-care; its services include dementia, nursing, residential and specialist care. It employs more than 14,000.
This executive move at HCP follows Tom Herzog’s promotion to chief executive, from chief financial officer, in January. Executive Chairman Michael McKee had held the role of interim chief executive since July, when former CEO Lauralee Martin left the company.
HCP has also restructured its holdings of late. It spun off a portfolio of 321 facilities—largely comprised of skilled nursing properties—into independent and publicly traded REIT Quality Care Properties Inc. in October.
HCP recently traded at a $14.7 billion market cap.
