Business
NHC to Acquire Thirty-Five NHI Facilities
MURFREESBORO, Tenn., April 21, 2026--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.
About this update from National Healthcare Corporation
[{"type":"text","content":"MURFREESBORO, Tenn., April 21, 2026--(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.","length":526,"tagName":"p"},{"type":"text","content":""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.","length":405,"tagName":"p"},{"type":"text","content":"The facilities subject to the agreement are located in Alabama, Florida, Kentucky, Missouri, South Carolina, Tennessee, and Virginia. NHC currently operates and will continue to operate all of these facilities, except four Florida skilled nursing facilities. The four Florida skilled nursing facilities will continue to be subject to a third-party operator’s lease after the closing of the transaction. NHC operates multiple skilled nursing facilities, assisted living and independent living communities, as well as homecare and hospice operations within this geographic footprint. The acquisition will complement NHC’s current asset portfolio within these regions.","length":665,"tagName":"p"},{"type":"text","content":""Each of these facilities is located in a critical area of NHC’s operating footprint and represents an important link in our continuum of care model. We are pleased to have reached agreement with NHI on the purchase and sale of these facilities and look forward to being able to continue to provide our patients with exceptional care in these locations," Mr. Flatt continued.","length":385,"tagName":"p"},{"type":"text","content":"The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions, including the expiration or termination of the waiting pe...