NATIONAL HEALTHCARE CORP

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.

National Healthcare Corporation (NHC) announced the completion of its acquisition of 32 skilled nursing facilities and three independent living facilities from National Health Investors, Inc. (NHI) for $560 million in cash. The purchase was funded by borrowings under a new Credit Agreement, which was recently amended to increase its revolving credit facility from $50 million to $75 million, and cash on hand. NHC's CEO, Steve Flatt, stated that owning these facilities is expected to be accretive to earnings and cash flow, aligning with the company's operational strategy.

National HealthCare Corporation (NHC) entered into a new $525.0 million senior unsecured Credit Agreement with Bank of America, N.A. and other lenders. This facility comprises a $475.0 million term loan and a $50.0 million revolving credit facility, intended to partially finance the acquisition of certain assets and real property from National Health Investors, Inc. The acquisition is anticipated to close in the third quarter of 2026, around July 1, 2026, subject to customary closing conditions. The new agreement will replace NHC's existing credit facility.

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.

National HealthCare Corporation reported Q1 2026 net operating revenues of $381.8 million, a 2.2% increase from Q1 2025. GAAP net income attributable to NHC rose to $35.9 million from $32.2 million year-over-year. Adjusted net income increased by 21.1% to $30.1 million, with adjusted diluted EPS reaching $1.91. The company also eliminated its current and long-term debt.

National HealthCare Corporation reported a strong first quarter for 2026, with net income attributable to the company increasing 11.3% to $35.86 million and basic earnings per share rising 10.5% to $2.31. Net operating revenues saw a 2.2% increase to $381.82 million. The company also demonstrated robust cash flow from operations, which jumped 59.3% to $62.53 million, and actively managed its capital by repaying $40.00 million under its credit facility, increasing dividends to $0.64 per share, and repurchasing $16.32 million in common shares.

National HealthCare Corporation announced a quarterly common dividend of 67 cents per share. This represents a 4.7% increase compared to the previous quarter's regular common dividend. The dividend will be paid on July 31, 2026, to shareholders of record as of June 30, 2026.

National HealthCare Corporation (NHC), through its wholly-owned subsidiary NHC/OP, L.P., has entered into a Purchase and Sale Agreement to acquire 35 facilities from National Health Investors, Inc. (NHI). The acquisition includes 32 skilled nursing facilities and three independent living facilities, currently leased by NHC, for a purchase price of $560 million. NHC expects to finance the purchase in part through a new credit facility, with a $5 million non-refundable deposit due within five business days.