Financial Services >> CEO Interviews >> March 24, 1999

Andre C. Dimitriadis – Ltc Properties Inc (ltc)

ANDRE C. DIMITRIADIS' career encompasses 3 years in the oil industry, 17 years in the airline industry, and 15 years in the healthcare industry. In the airline industry, his career included a position as Executive Vice President, Chief Financial Officer and Director of Western Airlines, overseeing the restructuring (and eventual sale afterwards) of this company from 1982 to 1984. As Executive Vice President and Chief Financial Officer of American Medical International, Mr. Dimitriadis oversaw the financial restructuring and eventual sale of this company from 1984 to 1989. In 1989, he joined Beverly Enterprises as Executive Vice President and Chief Financial Officer, where he restructured $1 Billion worth of debt and saw the company's market value triple. In 1992, Mr. Dimitriadis formed LTC Properties. As Chairman and Chief Executive Officer, he took the company public in 1992, raising $150 Million in its initial public offering. Today, LTC ha s a total market value of approximately $800 million. Mr. Dimitriadis holds a Ph.D. in Economics and an M.B.A. from New York University, as well as an M.S. in Computer Sciences from Princeton, and a B.S. in Electric Engineering from Robert College. He is currently a Director for Magellan Health Services, and was co-founder in 1994 of Assisted Living Concepts, a leading provider of assisted living services. Profile
TWST: Can you give us a brief overview and a little bit of the history

of LTC, just to kind of set the stage for the readers.

Mr. Dimitriadis: LTC was formed in the summer of 1992, and was