Business Wire·Jul 1, 2026, 7:00 PM ET

NHC Completes Acquisition of Thirty-Five NHI Facilities

National Healthcare Corporation (NHC) completed the $560 million acquisition of real estate for 32 skilled nursing facilities & 3 independent living facilities from National Health Investors, Inc. (NHI).
NHC had previously leased & operated these facilities under a Master Agreement to Lease with NHI since 1991.
The acquired assets are located in Alabama, Florida, Kentucky, Missouri, South Carolina, Tennessee, & Virginia.
NHC will continue to operate all facilities except for 4 Florida skilled nursing facilities, which will remain under a third-party operator's lease.
CEO Steve Flatt stated the acquisition is expected to be accretive to earnings & cash flow while providing operational control to enhance patient care continuity.
Following the deal, NHC affiliates operate a total of 80 skilled nursing facilities, 26 assisted living communities, 9 independent living communities, 3 behavioral health hospitals, 34 homecare agencies, & 33 hospice agencies.
The release includes standard forward-looking statements cautioning investors about risks related to credit facilities, interest expenses, regulations, & Medicare/Medicaid payment levels.