AcquisitionsMay 15, 2026, 04:18 PM
National Healthcare Subsidiary to Acquire 5 Facilities for $50.5M
AI Summary
National Healthcare Corporation's wholly-owned subsidiary, NHC/OP, L.P., entered into an agreement to acquire a portfolio of five skilled nursing facilities from National Health Corporation for $50.5 million. The transaction, effective May 14, 2026, involves four facilities in Tennessee and one in South Carolina, which are currently managed by NHC subsidiaries. The closing is expected in the second quarter of 2026, subject to financing and regulatory approvals, and includes a $750,000 deposit and a $2.0 million escrow fund for indemnification.
Key Highlights
- NHC subsidiary to acquire five skilled nursing facilities.
- Purchase price set at $50.5 million, subject to adjustments.
- Facilities include four in Tennessee and one in South Carolina.
- A $750,000 deposit is payable, refundable during inspection period.
- $2.0 million of the purchase price will be held in escrow for 12 months.
- Transaction expected to close in the second quarter of 2026.
- Existing management agreements with Seller will be terminated.
Price Impact
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