NATIONAL HEALTHCARE CORP (NHC): M&A transaction — NHC completes $221.4M acquisition of White Oak senior living portfolio; enters $200M credit facility

NATIONAL HEALTHCARE CORP

Completed $221.4M acquisition of White Oak portfolio: 14 facilities in NC and SC, plus pharmacy.
Adds 1,928 skilled nursing beds, 48 assisted living units, and 302 independent living units.
Entered $200M credit facility ($50M revolver + $150M term loan, 5-year, unsecured) with Bank of America.
Expects acquisition to be accretive to earnings and create operational synergies.
Expands NHC's operations into North Carolina for the first time.

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

NATIONAL HEALTHCARE CORP completed an acquisition involving White Oak Manor, Inc., its corporate subsidiaries, White Oak Pharmacy, Inc., and the other Seller Parties for $221,400,000.00 (closed 2024-07-31).

Action: acquisition
Counterparty: White Oak Manor, Inc., its corporate subsidiaries, White Oak Pharmacy, Inc., and the other Seller Parties
Consideration: $221,400,000.00
Closing: 2024-07-31

Exact text from the filing

Oak home office building in Spartanburg, South Carolina. The purchase price for the Transaction was Two Hundred Twenty-One Million Four Hundred Thousand and 00/100 Dollars ($221,400,000.00), subject to prorations and adjustments as set forth in the Agreement. NHC purchased the name “White Oak,” and derivations thereof, including any logos and trademarks and will

View on SEC.gov

24 m&a transactions filed in the last 30 days. Browse all m&a transactions →

NATIONAL HEALTHCARE CORP filing history →

Source: SEC EDGAR

accession 0001437749-24-024854

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.