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National HealthCare Corporation Acquires Five Skilled Nursing Facilities in Strategic $50,500,000 Transaction

  • National HealthCare Corporation (NYSE: NHC) announced the $50,500,000 purchase of five skilled nursing facilities.
  • The acquisition includes four facilities in Tennessee & one in South Carolina with a total capacity of 566 operating beds.
  • Four facilities hold a 5-Star CMS rating while one holds a 4-Star rating, with current occupancy at 94%.
  • This transaction grants NHC full ownership of the operations & real estate, replacing previous management agreements since 1988.
  • CEO Steve Flatt stated the deal is expected to be immediately accretive to cash flow & earnings.
  • NHC affiliates currently operate 80 skilled nursing facilities, 26 assisted living communities, nine independent living communities, three behavioral health hospitals, 34 homecare agencies, & 33 hospice agencies.