secwatch.observer — SEC 8-K summary
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Issuer:     NATIONAL HEALTHCARE CORP (NHC)
CIK:        0001047335
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001437749-24-024854
Event type: m_and_a
Sentiment:  positive
Materiality: 0.80
Item codes: 1.01, 2.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1047335/000143774924024854/0001437749-24-024854-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1047335/000143774924024854/nhc20240806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-024854

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