---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-024854"
form_type: "8-K"
ticker: "NHC"
cik: "0001047335"
company_name: "NATIONAL HEALTHCARE CORP"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:06:15.809591+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# NHC completes $221.4M acquisition of White Oak senior living portfolio; enters $200M credit facility

## Summary
- 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.

## SEC filing metadata
- accession: 0001437749-24-024854
- form_type: 8-K
- ticker: NHC
- cik: 0001047335
- company_name: NATIONAL HEALTHCARE CORP
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047335/000143774924024854/0001437749-24-024854-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047335/000143774924024854/nhc20240806_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-024854
- JSON: https://secwatch.observer/filing/0001437749-24-024854.json
- Plain text: https://secwatch.observer/filing/0001437749-24-024854.txt

## Key facts
- M&A Transactions
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047335/000143774924024854/0001437749-24-024854-index.htm

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