Benzinga | Oct 11, 2021 01:44PM EDT

Healthcare Trust of America Issues Statement In Response To Letter From Elliott Management (Full Response In Body)

Healthcare Trust of America, Inc. (NYSE:HTA) ("HTA" and "the Company") today issued the following statement in response to a letter issued by Elliott Investment Management ("Elliott").

HTA's Board of Directors and management team are committed to acting in the best interest of the Company and HTA shareholders. After we were first contacted by Elliott, members of HTA's management team and Board held several discussions with representatives of Elliott to better understand their views, and those views were immediately shared with the full HTA Board. Consistent with its fiduciary duties and commitment to value creation, HTA's Board regularly reviews the Company's strategic plan, priorities and opportunities to enhance shareholder value. We are open minded and committed to delivering superior returns for all HTA shareholders.

J.P. Morgan Securities LLC is serving as financial advisor to the company and McDermott Will & Emery LLP is serving as legal counsel.