Argentum and HCP Announce Partnership to Promote Operational Excellence

Three-year Collaboration Focuses on Fostering Excellence Throughout
Senior Living

ALEXANDRIA, Va. & IRVINE, Calif.–(BUSINESS WIRE)–Argentum and HCP, Inc. (NYSE:HCP) today announced a three-year corporate
partnership focused on promoting innovation and technology throughout
the senior living industry.

HCP and Argentum will collaborate on developing research related to
senior housing, healthcare investment and other aspects of the senior
living industry, and will work together to give senior living providers
new tools and insights to help them embrace innovation throughout their
businesses. The collaboration will also work to develop an Operational
Excellence Symposium focused on senior living operations, resident
experience, technology and business planning.

“Argentum and HCP share a passion for supporting senior living operators
in their efforts to provide excellent care and service to their
residents,” said J. Justin Hutchens, HCP’s Executive Vice President and
Chief Investment Officer – Senior Housing and Care. “We are excited to
partner with Argentum in supporting operators’ continued success through
innovative operating approaches and technology.”

For industry executives to balance operating a thriving business and
appealing to more demanding consumers, a commitment to innovation will
drive best practices in service delivery. Addressing operational
excellence is a key imperative for Argentum. There are opportunities to
develop benchmarks and share metrics, identify and enhance the use of
technology, innovate by cultivating leaders and share best practices to
raise the bar of excellence throughout the industry.

“Building an optimal business is what best serves our members’
residents, families and loved ones,” said Argentum President & CEO James
Balda. “Argentum is honored to partner with HCP to foster operational
excellence throughout the senior living industry.”

Mr. Hutchens will participate in a panel discussion regarding career
growth in the senior living industry, along with Chris Guay, President
and Chief Executive Officer of Vitality Senior Living, and Shamin Wu,
President and Chief Operating Officer of Silverado, at Argentum’s Senior
Living Executive Conference, to be held in Denver on May 9 – 12, 2016.

About Argentum

Since 1990, Argentum has advocated for choice, accessibility,
independence, dignity, and quality of life for all older adults.
Argentum’s programs promote business and operational excellence designed
to foster innovation and entrepreneurism in the field of senior living.
Visit Argentum’s website at www.argentum.org.

About HCP

HCP, Inc. is a fully integrated real estate investment trust (REIT) that
invests primarily in real estate serving the healthcare industry in the
United States. A publicly traded company since 1985, HCP: (i) was the
first healthcare REIT selected to the S&P 500 index; (ii) has increased
its dividend per share for 31 consecutive years; (iii) was the first
REIT included in the S&P 500 Dividend Aristocrats index; and (iv) is
recognized as a global leader in sustainability as a member of the Dow
Jones and FTSE4Good sustainability indices, as well as the recipient in
three of the past four years of both the GRESB Global Healthcare Sector
Leader and the NAREIT Healthcare Leader in the Light Award. HCP’s
portfolio of assets is diversified among five distinct sectors: senior
housing, post-acute/skilled nursing, life science, medical office and
hospital. For more information regarding HCP, visit www.hcpi.com.

Contacts

Argentum:
Sharon Cohen
Editor
scohen@argentum.org
or
HCP:
John
Lu
Executive Vice President ? Corporate Finance and Investments
(949)
407-0700