Highest-materiality recent filing
NHC completes $560M acquisition of 35 facilities from NHI; funds with new credit facility
Acquired 32 skilled nursing and 3 independent living facilities from NHI for $560M in cash.
NHC enters $475M credit facility to fund NHI asset purchase; existing facility to be terminated
$475M senior unsecured term loan and $50M revolving credit facility with Bank of America as admin agent.
NHC subsidiary agrees to acquire five skilled nursing facilities for $50.5M
Purchase price of $50.5M for five facilities: four in Tennessee, one in South Carolina.
NHC Q1 2026 revenue up 2.2% to $381.8M; adjusted EPS $1.91 vs $1.59
GAAP net income $35.9M ($2.27 diluted EPS) vs $32.2M ($2.07) a year ago.
NHC agrees to acquire 35 facilities from NHI for $560M
Purchase price $560M for 32 skilled nursing and 3 independent living facilities across 7 states.
NHC FY2025 adjusted EPS $6.65 (+35%); revenue $1.52B, up 16%
Net operating revenue $1.52B (+16.1% YoY); same-facility revenue up 8.4%.
NHC appoints Dr. Lisa Piercey to board; CEO Flatt to add President role upon Ussery retirement
Dr. Lisa Piercey appointed to NHC Board effective Nov 6, 2025, as Class 1 director; will serve on Audit Committee.
NHC Q3 2025 revenue up 12.5% to $382.7M; adjusted EPS $1.58 vs $1.27 YoY
Net operating revenue $382.7M, up 12.5% YoY driven by 8.7% same-facility growth and White Oak acquisition.
President and COO Ussery to retire after 45-year career effective Dec 31, 2025
R. Michael Ussery retiring as President and COO effective December 31, 2025.
NHC subsidiary gets default notice from NHI over four non-monetary lease provisions
Tenant (NHC/OP, L.P.) disputes NHI's default allegations for four non-monetary provisions under Master Lease covering 32 SNFs and 3 ILFs.
NHC Q2 2025 revenue up 24.7% to $374.9M; adjusted EPS $1.65 vs $1.00 YoY
Net operating revenues $374.9M (+24.7% YoY), driven by 9.6% same-facility growth and the White Oak acquisition.
NHC Q1 2025 revenue up 25.7% to $373.7M; adj. diluted EPS $1.59 (+61%)
Net operating revenues $373.7M vs $297.2M YoY; same-facility revenue up 8.5%.
NHC reports FY2024 revenue up 14.5% to $1.31B; adjusted EPS $4.93 (+39.9% YoY)
GAAP net income $101.9M ($6.53 diluted EPS) vs $66.8M ($4.34) in 2023.
NHC Q3 revenue up 18% to $340M; GAAP EPS $2.73, adjusted EPS $1.27
Net operating revenues and grant income $340.2M, up 17.9% YoY, driven by Aug 1 acquisition of White Oak Manor.
NHC Q2 2024 GAAP EPS $1.73 vs $1.06 YoY; revenue up 6.4%
Net operating revenues and grant income $300.7M, up 6.4% YoY from $282.6M.
NHC completes $221.4M acquisition of White Oak senior living portfolio; enters $200M credit facility
Completed $221.4M acquisition of White Oak portfolio: 14 facilities in NC and SC, plus pharmacy.
NHC to acquire White Oak Senior Living portfolio for $221.4M
Purchase price $221.4M for 14 skilled nursing facilities (5 in NC, 9 in SC) and a long-term care pharmacy.
NHC Q1 2024 revenue $297M (+10.2%), adjusted EPS $0.97 vs $0.79
Revenue $297.2M, up 10.2% YoY; GAAP net income $26.2M ($1.69 diluted EPS) vs $11.7M ($0.76).
NHC 2023 GAAP EPS $4.34 vs $1.45; adjusted EPS $3.55; revenue up 5.1% to $1.14B
Full-year GAAP net income $66.8M ($4.34 diluted EPS) vs $22.4M ($1.45) in 2022.
NHC reports Q3 2023 GAAP net income $10.4M vs loss $2.4M a year ago; adjusted EPS $0.86
Net operating revenues + grant income $288.5M, up 6.5% YoY; same-facility revenues up 11.8% excluding ceased operations.
NHC Q2 2023 GAAP EPS $1.06 vs $0.21 YoY; adjusted EPS $0.89 vs $0.46
Net revenue and grant income $282.6M, up 4.1% YoY; same-facility revenue up 11.5%.
NHC names Brian F. Kidd Senior VP & CFO; Jeff Smith retires May 31
Jeffrey R. Smith, Senior VP & Treasurer, retires effective May 31, 2023.
NHC Q1 2023 GAAP EPS $0.76, adjusted EPS $0.79; revenue down 3.4% on lower stimulus
GAAP net income $11.7M ($0.76 diluted EPS); adjusted net income $12.1M ($0.79 adjusted EPS).
NHC FY2022 adjusted EPS $2.42 vs $4.06; revenue up 1.1% to $1.09B; stimulus decline hits earnings
GAAP net income $22.4M ($1.45 per share) vs $138.6M ($8.99) in 2021.
NHC Q3 GAAP net loss $2.4M; adjusted EPS $0.50 down 48% YoY as stimulus fades
Q3 GAAP net loss $2.43M ($0.16 diluted loss per share) vs $3.35M loss ($0.22 loss) prior year.
On November 7, 2024, W. Andrew Adams notified National HealthCare Corporation (the “Company”) that, after 32 years of service, he intends to retire as a member of the Company Board of Directors (the “Board”) effective at the conclusion of the 2025 annual meeting of shareholders to be held on May 8, 2025.
On July 8, 2024, Ernest G. Burgess, III, an NHC director since 1997, notified the Company that he intends to retire from the Board effective July 31, 2024.
Jeffrey R. Smith, Senior Vice President and Treasurer, announced his intent to retire from the Company effective on May 31, 2023.
Mr. Kidd’s title will change to “Senior Vice President and Chief Financial Officer” effective May 31, 2023.
Jeffrey R. Smith, Senior Vice President and Treasurer, has announced that he plans to retire from the Company effective on May 31, 2023.
appointed Ms. Sandra Y. Trail to fill the resulting vacancy as of the Effective Date.
appointed Ms. Sandra Y. Trail to fill the resulting vacancy as of the Effective Date.
Max materiality 0.85 · Median 0.57 · Most common event earnings