---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-012953"
form_type: "8-K"
ticker: "NHC"
cik: "0001047335"
company_name: "NATIONAL HEALTHCARE CORP"
filed_at: "2026-04-22T23:59:59+00:00"
generated_at: "2026-05-15T04:47:25.427126+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# NHC agrees to acquire 35 facilities from NHI for $560M

## Summary
- Purchase price $560M for 32 skilled nursing and 3 independent living facilities across 7 states.
- NHC currently leases these facilities; closing expected Q3 2026, subject to HSR waiting period.
- No financing contingencies; will partially fund via new credit facility.
- Four Florida skilled nursing facilities to remain under third-party sublease after closing.
- NHC owns ~3.4% of NHI stock; NHI board chairman Robert Adams not standing for reelection at NHI.

## SEC filing metadata
- accession: 0001437749-26-012953
- form_type: 8-K
- ticker: NHC
- cik: 0001047335
- company_name: NATIONAL HEALTHCARE CORP
- filed_at: 2026-04-22T23:59:59+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 1.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1047335/000143774926012953/0001437749-26-012953-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1047335/000143774926012953/nhc20260421_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-012953
- JSON: https://secwatch.observer/filing/0001437749-26-012953.json
- Plain text: https://secwatch.observer/filing/0001437749-26-012953.txt

## Source-grounded claims
- claim_id: 7b1eb7719aa43ac1bc4d0429878cd3fac30fc925
  claim: NATIONAL HEALTHCARE CORP entered into Purchase and Sale Agreement with National Health Investors, Inc. valued at $560 million (effective 2026-04-21).
  evidence_excerpt: On April 21, 2026 (the “Effective Date”), NHC/OP, L.P., a Delaware limited partnership (the “Purchaser”) and a wholly-owned subsidiary of National HealthCare Corporation (“NHC”), on behalf of itself and its affiliates identified in the Agreement, each of which is a wholly-owned subsidiary of NHC (collectively, together with the Purchaser, “we,” “us,” or “our”) entered into a Purchase and Sale Agreement (the “Agreement”) with National Health Investors, Inc. (“NHI”), a publicly-traded real estate investment trust, on behalf of itself and its affiliates identified in the Agreement (collectively, together with NHI, the “Seller Parties”), to purchase from the Seller Parties the land, facilities, and improvements, including 32 skilled nursing facilities and three independent living facilities (collectively, the “Property,” and with respect to the 35 facilities, the “Facilities”), currently leased by us, as tenant, from the Seller Parties, as landlord, under a Master Agreement to Lease dated
  evidence_url: https://www.sec.gov/Archives/edgar/data/1047335/000143774926012953/0001437749-26-012953-index.htm

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