AcquisitionsAug 6, 2026, 03:04 PM
NHC Acquires 5 Skilled Nursing Facilities; Q2 EPS $2.54, Revenue $408M
AI Summary
National HealthCare Corporation reported strong second-quarter 2026 results, with diluted EPS increasing to $2.54 and net operating revenues reaching $408.0 million. The company completed the acquisition of five skilled nursing facilities from National Health Corporation on June 1, 2026, for $50.5 million, expanding its operations in South Carolina and Tennessee. This acquisition also led to the recognition of $18.3 million in previously earned management fees. The newly acquired facilities contributed $6.0 million in net operating revenues and $0.6 million in income before taxes since the acquisition date.
Key Highlights
- Acquired five skilled nursing facilities for $50.5 million on June 1, 2026, adding 639 licensed beds.
- Q2 2026 diluted EPS increased to $2.54 from $1.52 in Q2 2025, a 67.1% increase.
- Q2 2026 net operating revenues rose to $408.0 million from $374.9 million in Q2 2025, an 8.8% increase.
- Q2 2026 net income attributable to NHC was $40.3 million, up from $23.7 million in Q2 2025.
- Recognized $18.3 million in previously earned management fees in Q2 2026 due to the acquisition.
- Six-month 2026 diluted EPS increased to $4.82 from $3.59 in H1 2025, a 34.3% increase.
- Six-month 2026 net operating revenues grew to $789.8 million from $748.6 million in H1 2025, a 5.5% increase.
- Net cash provided by operating activities for H1 2026 was $105.8 million, up from $102.1 million in H1 2025.
Price Impact
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