NHC - Mergers and acquisitions

National HealthCare Corporation (NYSE:NHC), a national leader in senior care, announced today that its affiliates successfully closed the $50,500,000 purchase of five high-performing skilled nursing facilities. The transaction marks a seamless transition for the portfolio, which has been successfully managed by NHC subsidiaries since 1988. The acquisition gives the Murfreesboro, Tennessee-based company full ownership of the operations and real estate, replacing previous management agreements. Key Acquisition Highlights: Portfolio Mix: Four facilities located in Tennessee, one in South Carolina Capacity: 566 operating beds Quality & Performance: Four of the facilities have an ov

National Healthcare Corporation (NYSE:NHC), a national leader in senior care, announced today that it has completed the acquisition of the White Oak Senior Living ("White Oak") portfolio, operating in North Carolina and South Carolina, including its long-term care pharmacy. White Oak's portfolio consists of six skilled nursing facilities in North Carolina, three of which are continuing care retirement centers, including one leased facility. In South Carolina, the portfolio consists of nine skilled nursing facilities, one of which also includes assisted and independent living units. "White Oak has been a premier skilled nursing and senior living provider in North and South Carolina for man

National HealthCare Corporation (NYSE:NHC), a national leader in senior care, acquired the remaining interest in hospice and palliative care provider Caris Healthcare, L.P. from Norman C. McRae and McRae Investment Company, LLC on June 11, 2021. Prior to the purchase, NHC owned a majority stake in Caris. Caris specializes in providing hospice and palliative care to over 1,200 patients per day in 28 locations in Georgia, Missouri, South Carolina, Tennessee, and Virginia. As a result of the purchase, Caris will be a wholly owned and consolidated subsidiary of NHC. "Caris has been a premier hospice and palliative care provider for many years. We are honored to continue to provide these critic