---
schema_version: "secwatch.filing_event.v1"
accession: "0000877860-26-000117"
form_type: "8-K/A"
ticker: "NHI"
cik: "0000877860"
company_name: "NATIONAL HEALTH INVESTORS INC"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:59:53.655386+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NHI sells 35 SNF/IL properties to NHC/OP for $560M; strengthens balance sheet

## Summary
- Purchase price $560M; 32 skilled nursing + 3 independent living facilities in 7 states.
- Net proceeds used to repay debt and fund private-pay senior housing investments.
- Pro forma net debt-to-annualized EBITDA ~2.3x; SHOP segment to be ~22% of total investments.
- Transaction reviewed and approved by Special Committee of independent directors.
- Expected to close July 1, 2026, subject to HSR and other customary conditions.

## SEC filing metadata
- accession: 0000877860-26-000117
- form_type: 8-K/A
- ticker: NHI
- cik: 0000877860
- company_name: NATIONAL HEALTH INVESTORS INC
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/877860/000087786026000117/0000877860-26-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/877860/000087786026000117/nhi-20260420.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000877860-26-000117
- JSON: https://secwatch.observer/filing/0000877860-26-000117.json
- Plain text: https://secwatch.observer/filing/0000877860-26-000117.txt

## Source-grounded claims
- claim_id: 270c792c598e0fded6959b66389f005b04908ebd
  claim: NATIONAL HEALTH INVESTORS INC entered into Purchase and Sale Agreement with NHC/OP, L.P. and its affiliates (the Purchaser Parties) valued at $560 million (effective 2026-04-21).
  evidence_excerpt: On April 21, 2026 (the “Effective Date”), National Health Investors, Inc. on behalf of itself and its affiliates identified in the Agreement (collectively, the “Company”) entered into a Purchase and Sale Agreement (the “Agreement”) with NHC/OP, L.P., a Delaware limited partnership (the “Purchaser”) and a wholly-owned subsidiary of National HealthCare Corporation (“NHC”), on behalf of itself and its affiliates identified in the Agreement, each of which is a wholly-owned subsidiary of NHC (collectively, together with the Purchaser, the “Purchaser Parties”) to sell to the Purchaser Parties the land, facilities, and improvements, including 32 skilled nursing facilities and three independent living facilities (collectively, the “Property,” and with respect to the 35 facilities, the “Facilities”), currently leased by the Purchaser Parties, as tenants, from the Company, as landlord, under a Master Agreement to Lease dated October 17, 1991, as amended, and those single Facility leases executed
  evidence_url: https://www.sec.gov/Archives/edgar/data/877860/000087786026000117/0000877860-26-000117-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.