---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-104019"
form_type: "8-K"
ticker: "NHP"
cik: "0001561032"
company_name: "National Healthcare Properties, Inc."
filed_at: "2024-09-30T23:59:59+00:00"
generated_at: "2026-05-31T00:44:14.300549+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# National Healthcare Properties completes internalization of Advisor for $98.2M; issues $30.3M promissory note

## Summary
- Paid $75M cash and issued $30.3M promissory note (Term SOFR+1.25%/3.25%) to Advisor Parent; maturity June 2025.
- CEO Michael Anderson earns $800K base salary, $400K signing bonus, 135% target bonus; appointed to board.
- Reverse stock split 1-for-4 effective Sept 30, 2024; name changed to National Healthcare Properties, Inc.
- Advisory agreement terminated; property management internalized via merger of Advisor with Merger Sub.
- FY 2025 equity grants for CEO: minimum $1.8M (50%+ time-based) plus $2M internalization award, subject to shareholder approval.

## SEC filing metadata
- accession: 0001104659-24-104019
- form_type: 8-K
- ticker: NHP
- cik: 0001561032
- company_name: National Healthcare Properties, Inc.
- filed_at: 2024-09-30T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 1.02, 2.03, 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1561032/000110465924104019/0001104659-24-104019-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1561032/000110465924104019/tm2425086d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-104019
- JSON: https://secwatch.observer/filing/0001104659-24-104019.json
- Plain text: https://secwatch.observer/filing/0001104659-24-104019.txt

## Key facts
- Executive change
  Michael Anderson was appointed as Director at National Healthcare Properties, Inc..
  - Action: appointed
  - Role: Director
  source text: the Board appointed Mr. Anderson to the Board
  evidence_url: https://www.sec.gov/Archives/edgar/data/1561032/000110465924104019/0001104659-24-104019-index.htm

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