Welltower CEO and Director Thomas J. DeRosa has joined the Argentum Board of Directors.

Both Welltower, formerly known as Health Care REIT, and Argentum, transitioning from calling itself the Assisted Living Federation of America, announced new names in September. Welltower is a real estate capital partner for many seniors housing operators in the United States, Canada and the United Kingdom.

DeRosa frequently speaks on the growth of aging populations and the effect of dementia on individuals with the disease, their families and healthcare delivery systems. “The current healthcare delivery model is ill equipped to grapple with the challenges of an aging population,” he said. “We have a unique opportunity to transform healthcare delivery, and it begins by breaking down outdated perceptions about seniors care and providing viable and cost-effective alternatives to aging in place. I am pleased to join my fellow directors in pursuing this important opportunity.”

In addition to his position on Argentum’s board, DeRosa is a governor of the World Economic Forum and serves on the board of Empire State Realty Trust. He previously held leadership positions with the Rouse Co., Deutsche Bank and Alex. Brown & Sons.

“Our board members unanimously elected Tom and are pleased that a leader of Tom’s caliber has joined other outstanding industry leaders in Argentum’s innovation efforts on behalf of the senior living industry,” said Argentum Board Chair Brenda J. Bacon, who also serves as president and CEO of Brandywine Senior Living.