Business Wire·Apr 21, 2026, 4:38 PM ET

NHC to Acquire Thirty-Five NHI Facilities

National HealthCare Corporation (NHC) entered a Purchase and Sale Agreement to acquire real estate for 32 skilled nursing facilities & 3 independent living facilities from National Health Investors, Inc. (NHI) for $560 million.
NHC currently leases & operates the facilities under a Master Agreement to Lease with NHI.
The acquired facilities are located in Alabama, Florida, Kentucky, Missouri, South Carolina, Tennessee, & Virginia.
NHC will continue to operate all acquired facilities except for four Florida skilled nursing facilities, which will remain under a third-party operator's lease post-closing.
The transaction is expected to close in the third quarter of 2026, subject to customary conditions including the expiration of the Hart-Scott-Rodino Antitrust waiting period.
CEO Steve Flatt stated the acquisition will provide operational flexibility, be accretive to earnings & cash flow, & enhance long-term shareholder value.
NHC affiliates currently operate 80 skilled nursing facilities with 10,329 beds, 26 assisted living communities, 9 independent living communities, 3 behavioral health hospitals, 34 homecare agencies, & 33 hospice agencies.