NHC subsidiary gets default notice from NHI over four non-monetary lease provisions

NATIONAL HEALTHCARE CORP

Tenant (NHC/OP, L.P.) disputes NHI's default allegations for four non-monetary provisions under Master Lease covering 32 SNFs and 3 ILFs.
Cure period began Sept 8, 2025; failure within 30 days could trigger Event of Default and lease remedies.
Current Master Lease term ends Dec 31, 2026; Tenant has two 5-year renewal options and right of first refusal.
Termination of Master Lease could materially and adversely affect NHC's financial position and results.

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