TOLEDO, Ohio, Apr 22, 2003 (BUSINESS WIRE) -- Health Care REIT, Inc. (NYSE:HCN) announced today the appointment of Scott A. Estes to the newly created position of Vice President of Finance, effective April 28, 2003. Mr. Estes has been a Senior Research Analyst and Vice President with Deutsche Bank Securities since 2000.

In his announcement, George L. Chapman, Health Care REIT's chief executive officer commented, "We are pleased to have someone with Scott's expertise joining our management team. In our dealings with Scott throughout the course of his 10-year career as a research analyst, we have been impressed with his acumen and breadth of knowledge of both the health care and senior housing industry. He will be a key member of our finance group with active involvement in all capital markets activities, including company presentations to analysts, investors and rating agencies. Given his in-depth knowledge of Health Care REIT and the industry, we anticipate that Scott will have an immediate positive impact on the company and continue to contribute significantly to our success in the future."

Health Care REIT, Inc., with headquarters in Toledo, Ohio, is a real estate investment trust that invests in health care facilities, primarily skilled nursing and assisted living facilities. For more information on Health Care REIT, Inc., via facsimile at no cost, dial 1-800-PRO-INFO and enter the company code - HCN. More information is available on the Internet at http://www.hcreit.com.

This document may contain "forward-looking" statements as defined in the Private Securities Litigation Reform Act of 1995. These forward-looking statements concern the possible expansion of our portfolio; the performance of our operators and properties; our ability to enter into agreements with new viable tenants for properties which we take back from financially troubled tenants, if any; our ability to make distributions; our policies and plans regarding investments, financings and other matters; our tax status as a real estate investment trust; our ability to appropriately balance the use of debt and equity; and our ability to access capital markets or other sources of funds. When we use words such as "believe," "expect," "anticipate," or similar expressions, we are making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties. Our expected results may not be achieved, and actual results may differ materially from our expectations. This may be a result of various factors, including, but not limited to: the status of the economy; the status of capital markets, including prevailing interest rates; compliance with and changes to regulations and payment policies within the health care industry; changes in financing terms; competition within the health care and senior housing industries; and changes in federal, state and local legislation. Finally, we assume no obligation to update or revise any forward-looking statements or to update the reasons why actual results could differ from those projected in any forward-looking statements.

Health Care REIT, Inc.
Ray Braun, 419/247-2800
Mike Crabtree, 419/247-2800

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