US Market News
3週前
National HealthCare Corporation Acquires Five Skilled Nursing Facilities in Strategic $50,500,000 TransactionJune 4, 2026 2:56 PM
Business Wire National HealthCare Corporation (NYSE American: NHC), a national leader in senior care, announced today that its affiliates successfully closed the $50,500,000 purchase of five high-performing skilled nursing facilities. The transaction marks a seamless transition for the portfolio, which has been successfully managed by NHC subsidiaries since 1988. The acquisition gives the Murfreesboro, Tennessee-based company full ownership of the operations and real estate, replacing previous management agreements. Key Acquisition Highlights: Portfolio Mix: Four facilities located in Tennessee, one in South Carolina Capacity: 566 operating beds Quality & Performance: Four of the facilities have an overall 5-Star rating on the CMS 5-Star rating system, and one facility has an overall 4-Star rating; currently at 94% occupancy Purchase Price: $50,500,000 “We are incredibly excited about this milestone purchase,” said NHC CEO Steve Flatt. “Because these buildings have been in our operational footprint for decades, our partners and patients will be unaffected by our transition from management to ownership. We expect this transaction to be immediately accretive to our cash flow and earnings, solidifying our footprint and creating long-term value for our shareholders.” About National HealthCare Corporation NHC affiliates operate for themselves and third parties 80 skilled nursing facilities with 10,323 beds. NHC affiliates also operate 26 assisted living communities with 1,413 units, nine independent living communities with 777 units, three behavioral health hospitals, 34 homecare agencies, and 33 hospice agencies. NHC’s other services include Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and provide management and accounting services to third party post-acute operators. Other information about the company can be found on our website at www.nhccare.com. Forward-Looking Statements Statements in this press release that are not historical facts are forward-looking statements. Words such as “expect,” “intends,” “will,” “anticipates,” “estimates,” and variations on such words with similar future or conditional statements are forward looking. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. The risks and uncertainties are detailed from time to time in reports filed by NHC with the Securities Exchange Commission (“SEC”), including Forms 8-K, 10-Q and 10-K, and include, among others, the following: the ability to integrate the operations into its operating networks in a timely manner, if at all; liabilities and other claims asserted against us and patient care liabilities, as well as the resolution of current litigation; availability of assets for indemnification; national and local economic conditions; including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including our compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries, and other factors referenced or incorporated by reference in NHC’s SEC filings. The risks included here are not exhaustive. All forward-looking statements represent NHC’s best judgment as of the date of this release. View source version on businesswire.com: https://www.businesswire.com/news/home/20260604477907/en/ Casey Reese
615-571-2992 | media@nhccare.com Original: National HealthCare Corporation Acquires Five Skilled Nursing Facilities in Strategic $50,500,000 Transaction
US Market News
2月前
NHC to Acquire Thirty-Five NHI FacilitiesApril 21, 2026 4:38 PM
Business Wire
National HealthCare Corporation (NYSE American: NHC), a national leader in senior care, announced entry into a Purchase and Sale Agreement to acquire the real estate of thirty-two skilled nursing facilities and three independent living facilities from National Health Investors, Inc. and its affiliates (“NHI”). The purchase price is $560 million. NHC, through affiliates, has been leasing and operating the facilities under a Master Agreement to Lease with NHI.
“The acquisition of this real estate will be a milestone in our operational strategy, providing the Company with maximum flexibility to execute our long-term vision. We expect this transaction to be accretive to both earnings and cash flow, reinforcing our commitment to disciplined capital allocation and enhancing long-term shareholder value,” said Steve Flatt, Chief Executive Officer of NHC.
The facilities subject to the agreement are located in Alabama, Florida, Kentucky, Missouri, South Carolina, Tennessee, and Virginia. NHC currently operates and will continue to operate all of these facilities, except four Florida skilled nursing facilities. The four Florida skilled nursing facilities will continue to be subject to a third-party operator’s lease after the closing of the transaction. NHC operates multiple skilled nursing facilities, assisted living and independent living communities, as well as homecare and hospice operations within this geographic footprint. The acquisition will complement NHC’s current asset portfolio within these regions.
“Each of these facilities is located in a critical area of NHC’s operating footprint and represents an important link in our continuum of care model. We are pleased to have reached agreement with NHI on the purchase and sale of these facilities and look forward to being able to continue to provide our patients with exceptional care in these locations,” Mr. Flatt continued.
The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including the expiration or termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended.
About National HealthCare Corporation
NHC affiliates operate for themselves and third parties 80 skilled nursing facilities with 10,329 beds. NHC affiliates also operate 26 assisted living communities with 1,413 units, nine independent living communities with 777 units, three behavioral health hospitals, 34 homecare agencies, and 33 hospice agencies. NHC’s other services include Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and providing management and accounting services to third party post-acute operators. Other information about the company can be found on our web site at www.nhccare.com.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements. All statements regarding our intentions, plans, and expectations concerning the Purchase and Sale Agreement and the transactions contemplated thereby, including the consummation of the proposed transaction and the expected timing thereof, and the potential benefits to NHC and its shareholders, and any other statements that are not statements of historical fact, including, without limitation, those statements containing words such as “expect,” “believe,” “anticipate,” “continue,” “complement,” “may,” “will,” or the negative version of these words and similar expressions, are forward-looking statements. NHC cautions investors that forward-looking statements are based on current expectations and assumptions that are subject to significant risks and uncertainties and are not guarantees of future performance. Actual results, performance, or achievements could differ materially from those expressed or implied by any forward-looking statement as a result of various risks and uncertainties, including, without limitation: NHC’s right to terminate the Purchase and Sale Agreement for any or no reason during a review period; the terms available for a new credit facility to utilize in paying the purchase price; the future actions of NHI and its affiliates, which NHC does not control; conditions to the closing of the proposed transaction may not be satisfied; the proposed transaction may involve unexpected costs, liabilities, or delays; the ability to complete the proposed transaction within the expected timeframe, or at all; the occurrence of any event, change or other circumstances that could give rise to termination of Purchase and Sale Agreement and the loss of deposits toward the purchase price that NHC is required to make prior to the closing date; liabilities and other claims asserted against NHC and patient care liabilities, as well as the resolution of current litigation; availability of insurance and assets for indemnification; national and local economic conditions; including their effect on the availability and cost of labor, utilities and materials; the effect of government regulations and changes in regulations governing the healthcare industry, including our compliance with such regulations; changes in Medicare and Medicaid payment levels and methodologies and the application of such methodologies by the government and its fiscal intermediaries, the ability of third parties for whom NHC has guaranteed debt to refinance certain short-term debt obligations; and other risks and uncertainties described in NHC’s reports and other filings with the Securities Exchange Commission (“SEC”), including NHC’s Annual Report on Form 10-K for the year ended December 31, 2025. NHC cautions investors not to place undue reliance on forward-looking statements, which are qualified in their entirety by this cautionary statement. NHC expressly disclaims any obligation to update its forward-looking statements, which speak only as of the date of this press release, whether as result of new information, future events or otherwise, except as required by applicable law.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260421477541/en/
Casey Reese
615-571-2992 | media@nhccare.com
Original: NHC to Acquire Thirty-Five NHI Facilities
US Market News
4月前
NHC Reports 2025 Year End EarningsFebruary 26, 2026 5:30 PM
Business Wire
National HealthCare Corporation (NYSE American: NHC), the nation's oldest publicly traded senior health care company, announced today net operating revenues and grant income for the year ended December 31, 2025 totaled $1,517,781,000 compared to $1,307,382,000 for the year ended December 31, 2024, an increase of 16.1%. The increase in net operating revenues for the 2025 year compared to the 2024 year was due to an 8.4% increase in same-facility net operating revenues, as well as the August 1, 2024 acquisition of White Oak Manor (“White Oak”). The White Oak operations consist of 22 healthcare operations, which includes 15 skilled nursing facilities, two assisted living facilities, four independent living facilities, and a long-term care pharmacy.
For the year ended December 31, 2025, the reported GAAP net income attributable to NHC was $120,015,000 compared to $101,927,000 for the 2024 year. Excluding the unrealized gains in our marketable equity securities portfolio and other non-GAAP adjustments, adjusted net income for the year ended December 31, 2025 was $104,067,000 compared to $76,862,000 for the 2024 year (*), an increase of 35.4%. GAAP diluted earnings per share were $7.67 and $6.53 for the years ended December 31, 2024 and 2023, respectively. Adjusted diluted earnings per share were $6.65 and $4.93 for the years ended December 31, 2025 and 2024, respectively (*).
For the quarter ended December 31, 2025, the reported GAAP net income attributable to NHC was $24,849,000 compared to $6,081,000 for the same period in 2024. Excluding the unrealized gains or losses in our marketable equity securities portfolio and other non-GAAP adjustments, adjusted net income for the quarter ended December 31, 2025 was $28,774,000 compared to $25,954,000 for the same period in 2024, an increase of 10.9% (*). The GAAP diluted earnings per share were $1.58 and $0.39 for the quarters ended December 31, 2025 and 2024, respectively. Adjusted diluted earnings per share were $1.83 and $1.66 for the quarters ended December 31, 2025 and 2024, respectively (*).
(*) - See the tables below that provide a reconciliation of GAAP to non-GAAP items.
About NHC
As of February 1, 2026, NHC affiliates operate for themselves and third parties 80 skilled nursing facilities with 10,329 beds. NHC affiliates also operate 26 assisted living communities with 1,413 units, nine independent living communities with 777 units, three behavioral health hospitals, 34 homecare agencies, and 33 hospice agencies. NHC’s other services include Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and providing management and accounting services to third party post-acute operators. Other information about the company can be found on our web site at www.nhccare.com.
Non-GAAP Financial Presentation
The Company is providing certain non-GAAP financial measures as the Company believes that these figures are helpful in allowing investors to more accurately assess the ongoing nature of the Company’s operations and measure the Company’s performance more consistently across periods. Therefore, the Company believes this information is meaningful in addition to the information contained in the GAAP presentation of financial information. The presentation of this additional non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP.
Forward-Looking Statements
Statements in this press release that are not historical facts are forward-looking statements. NHC cautions investors that any forward-looking statements made involve risks and uncertainties and are not guarantees of future performance. The risks and uncertainties are detailed from time to time in reports filed by NHC with the S.E.C., including Forms 8-K, 10-Q, and 10-K. All forward-looking statements represent NHC’s best judgment as of the date of this release.
Consolidated Statements of Operations
(in thousands, except share and per share amounts)
Three Months Ended
Years Ended
December 31
December 31
2025
2024
2025
2024
Revenues:
Net patient revenues
$
373,686
$
357,344
$
1,469,631
$
1,251,759
Other revenues
12,827
12,006
48,150
46,178
Government stimulus income
-
-
-
9,445
Net operating revenues and grant income
386,513
369,350
1,517,781
1,307,382
Costs and expenses:
Salaries, wages and benefits
233,240
234,321
921,080
810,930
Other operating
96,198
83,298
377,202
321,390
Facility rent
12,189
11,378
46,227
43,182
Depreciation and amortization
11,769
11,442
44,920
41,985
Total costs and expenses
353,396
340,439
1,389,429
1,217,487
Income from operations
33,117
28,911
128,352
89,895
Non-operating income
4,236
4,825
18,107
19,690
Interest expense
(816
)
(2,347
)
(6,371
)
(4,135
)
Unrealized gains on marketable equity securities
(4,404
)
(25,332
)
22,344
30,958
Income before income taxes
32,133
6,057
162,432
136,408
Income tax provision
(6,939
)
(28
)
(39,826
)
(34,322
)
Net income
25,194
6,029
122,606
102,086
Net income attributable to noncontrolling interest
(345
)
52
(2,591
)
(159
)
Net income attributable to National HealthCare Corporation
$
24,849
$
6,081
$
120,015
$
101,927
Net income per common share
Basic
$
1.60
$
0.39
$
7.76
$
6.62
Diluted
$
1.58
$
0.39
$
7.67
$
6.53
Weighted average common shares outstanding
Basic
15,502,990
15,420,658
15,472,185
15,393,782
Diluted
15,744,478
15,665,025
15,646,338
15,598,528
Dividends declared per common share
$
0.64
$
0.61
$
2.53
$
2.42
Balance Sheet Data
December 31
December 31
(in thousands)
2025
2024
Cash, cash equivalents and marketable securities
$
255,801
$
216,185
Restricted cash, cash equivalents and marketable securities
159,848
163,795
Current assets
461,820
424,408
Property and equipment, net
673,797
684,289
Total assets
1,526,419
1,524,429
Current liabilities, excluding current long-term debt
246,132
227,297
Current and long-term debt
40,000
137,000
NHC stockholders' equity
1,068,772
980,161
Selected Operating Statistics
Three Months Ended
Years Ended
December 31
December 31
2025
2024
2025
2024
Skilled Nursing Per Diems:
Medicare
$
626.99
$
607.67
$
616.75
$
586.76
Managed Care
539.69
490.41
486.56
468.23
Medicaid
289.05
279.02
285.46
275.78
Private Pay and Other
340.12
321.12
338.28
316.80
Average Skilled Nursing Per Diem
$
369.21
$
350.72
$
360.40
$
346.46
(1)
Skilled Nursing Patient Days:
Medicare
83,750
84,809
336,120
320,524
Managed Care
82,425
76,996
330,424
276,019
Medicaid
370,805
374,755
1,473,029
1,281,020
Private Pay and Other
203,408
191,926
788,843
677,449
Total Skilled Nursing Patient Days
740,388
728,486
2,928,416
2,555,012
(1)
(1) NHC exited three skilled nursing facilities in Missouri on March 1, 2024. For the year ended December 31, 2024, the exited Missouri skilled nursing facilities had an average skilled nursing per diem of $275.64 and 20,267 patient days.
The tables below provide reconciliations of GAAP to non-GAAP items (in thousands, except per share amounts):
Three Months Ended
Years Ended
December 31
December 31
2025
2024
2025
2024
Net income attributable to National Healthcare Corporation
$
24,849
$
6,081
$
120,015
$
101,927
Non-GAAP adjustments
Unrealized gains on marketable equity securities
4,404
25,332
(22,344
)
(30,958
)
Operating results for newly-opened operations not at full capacity
-
(10
)
-
130
Gain on sale of unconsolidated company
-
-
-
(1,024
)
Gain on sale of property and equipment
-
-
(3,606
)
-
Stock-based compensation expense
900
1,098
4,399
4,160
Acquisition-related expenses
-
435
-
3,266
Employee retention credit
-
-
-
(9,445
)
Income tax provision on non-GAAP adjustments
(1,379
)
(6,982
)
5,603
8,806
Non-GAAP Net income
$
28,774
$
25,954
$
104,067
$
76,862
GAAP diluted earnings per share
$
1.58
$
0.39
$
7.67
$
6.53
Non-GAAP adjustments
Unrealized gains on marketable equity securities
0.28
1.62
(1.43
)
(1.98
)
Operating results for newly-opened operations not at full capacity
-
-
-
0.01
Gain on sale of unconsolidated company
-
-
-
(0.07
)
Gain on sale of property and equipment
-
-
(0.23
)
-
Stock-based compensation expense
0.06
0.07
0.28
0.28
Acquisition-related expenses
-
0.03
-
0.21
Employee retention credit
-
-
-
(0.61
)
Income tax provision on non-GAAP adjustments
(0.09
)
(0.45
)
0.36
0.56
Non-GAAP diluted earnings per share
$
1.83
$
1.66
$
6.65
$
4.93
View source version on businesswire.com: https://www.businesswire.com/news/home/20260226128991/en/
Brian F. Kidd, SVP/CFO
Phone: (615) 890-2020
Original: NHC Reports 2025 Year End Earnings
Hot Features
プレミアム
登録してリアルタイムのアラート、カスタムポートフォリオ、市場の動きを入手してください。
Trueheart
12年前
Penny Roger$
14年前
メールアドレスで登録
