Welcome to our dedicated page for National Health news (Ticker: NHC), a resource for investors and traders seeking the latest updates and insights on National Health stock.
National Health (NHC) provides essential long-term care services across skilled nursing, assisted living, and home care sectors. This news hub offers investors and industry professionals centralized access to official updates and financial developments from the 50-year healthcare leader.
Track critical updates including quarterly earnings, facility expansions, and strategic partnerships. All content is verified through primary sources to ensure reliability for investment research and operational analysis.
Discover press releases covering clinical innovations, regulatory compliance milestones, and leadership announcements. Our curated feed eliminates noise by focusing on material developments affecting NHC's market position in senior care industry.
Bookmark this page for streamlined monitoring of National Health's operational progress and financial health. Check regularly for real-time updates directly impacting long-term care sector evaluations.
National HealthCare (NHC) announced a Purchase and Sale Agreement to acquire the White Oak Senior Living portfolio on May 31, 2024. The acquisition includes six skilled nursing facilities in North Carolina and nine in South Carolina, expanding NHC's operations into North Carolina while enhancing its presence in South Carolina. This strategic move will add 1,928 skilled nursing beds, 48 assisted living units, and 302 independent living units to NHC's existing operations. The transaction is expected to close in Q3 2024 and is anticipated to be accretive to NHC's earnings, creating long-term operational efficiencies and synergies.
National HealthCare (NYSE American: NHC) reported a significant increase in net operating revenues and net income for the first quarter of 2024. The company's net operating revenues reached $297,176,000, representing a 10.2% growth compared to the same period in 2023. GAAP net income attributable to NHC was $26,213,000, a substantial increase from $11,723,000 in 2023. Adjusted net income also saw a significant rise, reaching $15,048,000, up by 24.7%. Earnings per share showed positive growth, with GAAP diluted earnings per share at $1.69 and adjusted diluted earnings per share at $0.97 for the first quarter of 2024.
National HealthCare (NYSE American: NHC) has announced a 3.4% increase in its common dividend, with a quarterly dividend of 61 cents per common share for shareholders of record on June 28, 2024, payable on August 1, 2024.
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