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National HealthCare Corporation reports recurring developments in senior health care operations, including skilled nursing facilities, assisted living communities, independent living communities, behavioral health hospitals, homecare agencies and hospice agencies. NHC also provides Alzheimer’s and memory care, pharmacy services, rehabilitation services, and management and accounting services for third-party post-acute operators.
Company news commonly covers operating revenue, GAAP and adjusted earnings, same-facility performance, dividend declarations, facility mix and the integration of acquired White Oak operations. Updates also address capital-structure and governance matters tied to NHC’s common stock on the NYSE American.
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National HealthCare Corporation (NHC) reported net operating revenues and grant income of $1,085,738,000 for the year ended December 31, 2022, a 1.1% increase from $1,074,302,000 in 2021. However, the company experienced a significant decline in net income, reporting $22,445,000 in 2022 compared to $138,590,000 the previous year. Adjusted diluted EPS also fell from $4.06 to $2.42. The decrease in earnings is attributed to a $51.9 million reduction in government stimulus income. For Q4 2022, NHC reported net income of $6,353,000 versus $15,788,000 in Q4 2021, reflecting a similar trend.
National HealthCare Corporation (NHC) announced a quarterly dividend of 57 cents per common share, payable on May 1, 2023, to shareholders on record as of March 31, 2023. This marks a continued commitment to shareholder returns amidst ongoing industry challenges. NHC operates numerous healthcare facilities and services, making it a significant player in the long-term care sector. Investors are reminded that forward-looking statements come with inherent risks and uncertainties, including legal liabilities and changes in regulatory environments, as detailed in SEC filings.
National HealthCare Corporation (NHC) has announced a quarterly dividend of 57 cents per common share. This dividend is set for shareholders of record on December 30, 2022, with a payment date of February 1, 2023. NHC, the oldest publicly traded long-term health care company in the U.S., operates numerous healthcare facilities including 68 skilled nursing facilities and 23 assisted living communities. The company emphasizes the importance of understanding risks associated with forward-looking statements in its press release.
National HealthCare Corporation (NHC) reported net operating revenues of $270.8 million for Q3 2022, down 2.1% from $276.7 million in Q3 2021. This drop was primarily due to a $10.4 million decrease in government stimulus income and the exit from seven skilled nursing facilities. However, same-facility net operating revenues rose by 3.8%. NHC's net loss attributable to the company was $2.4 million for Q3 2022, an improvement from $3.3 million a year ago. Adjusted net income fell to $7.8 million, down from $14.9 million.