NHC to acquire White Oak Senior Living portfolio for $221.4M

NATIONAL HEALTHCARE CORP

Purchase price $221.4M for 14 skilled nursing facilities (5 in NC, 9 in SC) and a long-term care pharmacy.
Portfolio adds 1,928 skilled nursing beds, 48 assisted living units, and 302 independent living units.
Transaction expected to close in Q3 2024, subject to regulatory approvals and HSR waiting period.
NHC expects acquisition to be accretive to earnings and create operational synergies.
NHC will offer employment to substantially all White Oak employees; plans to lease White Oak home office.

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