{"schema_version":"secwatch.filing_event.v1","accession":"0000877860-26-000106","form_type":"8-K","ticker":"NHI","cik":"0000877860","company_name":"NATIONAL HEALTH INVESTORS INC","filed_at":"2026-04-21T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.850478+00:00","generated_at":"2026-05-15T05:14:48.751309+00:00","sec_items":["1.02","1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"NHI signs $560M sale of 35 SNF/IL facilities to NHC; reduces leverage, pivots to private-pay","bullets":["Purchase price of $560M for 32 skilled nursing + 3 independent living facilities currently leased to NHC.","Expected closing July 1, 2026; subject to HSR clearance; no financing contingency.","Pro forma net debt/EBITDA drops to ~2.3x, available liquidity ~$1.4B, SHOP to represent 22% of investments.","Skilled nursing exposure reduced to ~12.2% of total investments; cash lease revenue from portfolio was ~$39.7M in 2025.","Special Committee of independent directors unanimously approved; Board governance conflicts with NHC to be eliminated."],"urls":{"canonical":"https://secwatch.observer/filing/0000877860-26-000106","json":"https://secwatch.observer/filing/0000877860-26-000106.json","markdown":"https://secwatch.observer/filing/0000877860-26-000106.md","text":"https://secwatch.observer/filing/0000877860-26-000106.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/877860/000087786026000106/0000877860-26-000106-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/877860/000087786026000106/nhi-20260420.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T05:14:48.751309+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}