Business
NHC Announces W. Andrew Adams Retirement from NHC Board of Directors
MURFREESBORO, Tenn., May 08, 2025--National HealthCare Corporation announces the retirement of W. Andrew Adams from the NHC Board of Directors effective May 8, 2025.
About this update from National Healthcare Corporation
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":360,"height":360,"url":"https://media.zenfs.com/en/business-wire.com/87a3f1e5d53353d7dab3355fa77076ad"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/1teIvXUjexEzuQy3z3b.eQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTcwNTtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/87a3f1e5d53353d7dab3355fa77076ad","width":360,"height":360}},"lazy":false},{"type":"text","content":"MURFREESBORO, Tenn., May 08, 2025--(BUSINESS WIRE)--National HealthCare Corporation (NYSE American: NHC) announces the retirement of W. Andrew "Andy" Adams from the NHC Board of Directors effective after the annual meeting of shareholders on May 8, 2025. The son of NHC founder, Dr. Carl Adams, Andy Adams has had an unparalleled career of service and leadership at NHC. He originally joined NHC in 1972 as an Executive Officer. Andy then served as NHC’s President from 1974 to 2004 and as Chief Executive Officer (CEO) from 1981 to 2004. Andy’s service on the NHC Board of Directors began in 1974 where he also served as Chairman from 1994 to 2008.","length":659,"tagName":"p"},{"type":"text","content":"Andy had a significant impact on NHC. During his time in leadership, NHC’s revenue grew to over $521 million in 2004. The Company’s market capitalization grew from $57 million in 1983 when it became a publicly traded company to $431 million in 2004.","length":249,"tagName":"p"},{"type":"text","content":"Robert Adams, Andy’s brother and the current Chairman of the NHC Board of Directors, expressed his gratitude to Andy, stating, "No one has played as important a role with NHC and its growth as a Company as Andy. His leadership, vision, and wisdom helped guide the Company from its early years to the leader in senior healthcare it is today. We are deeply grateful for his service and wish him all the best in retirement."","length":431,"tagName":"p"},{"type":"text","content":"Dr. Stephen Flatt, NHC CEO, added, "Andy’s contributions to NHC are unparalleled. His ability to see the Company’s future and then guide the Company and others toward that vision have left an indelible and positive mark on the NHC community. He will be sorely missed."","length":278,"tagName":"p"},{"type":"text","content":"As he retires from the ...