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Stock impact report

NHC to Acquire Thirty-Five NHI Facilities

National HealthCare Corporation (NHC) 
NASDAQ:AMEX Investor Relations: nhccare.com/investorinformation.cfm
Company Research Source: Business Wire
MURFREESBORO, Tenn.--(BUSINESS WIRE)--National HealthCare Corporation (NYSE American: NHC), a national leader in senior care, announced entry into a Purchase and Sale Agreement to acquire the real estate of thirty-two skilled nursing facilities and three independent living facilities from National Health Investors, Inc. and its affiliates (“NHI”). The purchase price is $560 million. NHC, through affiliates, has been leasing and operating the facilities under a Master Agreement to Lease with NHI.“The acquisition of this real estate will be a milestone in our operational strategy, providing the Company with maximum flexibility to execute our long-term vision. We expect this transaction to be accretive to both earnings and cash flow, reinforcing our commitment to disciplined capital allocation and enhancing long-term shareholder value,” said Steve Flatt, Chief Executive Officer of NHC.The facilities subject to the agreement are located in Alabama, Florida, Kentucky, Missouri, South C Show less Read more
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