ARC Healthcare Taps D'Arcy as CEO

NEW YORK CITY—American Realty Capital Healthcare Trust on Friday said it had promoted Thomas D’Arcy, who has led its advisor since May 2012, to CEO of the REIT. The move, which precedes ARC Healthcare’s planned public listing, is part of a revamping of the management team structure that also includes the appointment of Edward F. Lange Jr. as the non-traded REIT’s CFO and COO. Nicholas Schorsch will continue to serve the company as executive chairman of the board.

“We have repeatedly underscored the importance of identifying the right intellectual capital to lead each of our investment strategies so as to maximize value to our shareholders,” Schorsch says. In elevating D’Arcy to the CEO position and attracting a CFO and COO of Lange’s caliber, “we have placed ARC Healthcare in able hands as it seeks to become a listed company.”