NHC subsidiary agrees to acquire five skilled nursing facilities for $50.5M

NATIONAL HEALTHCARE CORP

Purchase price of $50.5M for five facilities: four in Tennessee, one in South Carolina.
Transaction expected to close in Q2 2026, subject to Buyer financing and government approvals.
Seller is a related party: National Health Corp. (wholly owned by ESOP) owns ~6.6% of NHC stock.
Deposit of $750k due within 3 business days; refundable during inspection period ending June 16, 2026.
Special subcommittee of independent directors approved the transaction.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

NATIONAL HEALTHCARE CORP entered into Purchase and Sale Agreement with National Health Corporation valued at $50.5 million (effective 2026-05-14).

Action: entry
Agreement: asset purchase
Counterparty: National Health Corporation
Value: $50.5 million
Effective: 2026-05-14

Exact text from the filing

On May 14, 2026 (the “Effective Date”), NHC/OP, L.P., a Delaware limited partnership (“Buyer”) and a wholly-owned subsidiary of National HealthCare Corporation (“NHC”), entered into a Purchase and Sale Agreement (the “Agreement”) with National Health Corporation, a Tennessee corporation (“Seller”), to purchase from Seller the land, buildings, and other specified assets of Seller’s portfolio of five skilled nursing facilities

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NATIONAL HEALTHCARE CORP filing history →

Source: SEC EDGAR

accession 0001437749-26-017374

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