Welcome to our dedicated page for National Health SEC filings (Ticker: NHC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The National HealthCare Corporation (NHC) SEC filings page provides access to the company’s regulatory disclosures as a NYSE American issuer. NHC’s common stock, with a par value of $0.01 per share, is registered under Section 12(b) of the Securities Exchange Act of 1934 and trades under the symbol NHC. Through its affiliates, the company operates skilled nursing facilities, assisted living and independent living communities, behavioral health hospitals, homecare agencies, and hospice agencies, along with Alzheimer’s and memory care units, pharmacy services, a rehabilitation services company, and management and accounting services to third party post-acute operators.
In its Form 8-K current reports, NHC discloses material events such as quarterly and annual earnings releases, dividend declarations, and significant lease and governance matters. For example, the company files 8-Ks to furnish earnings press releases for periods ended March 31, June 30, September 30, and December 31, and to announce quarterly common dividends. These filings often reference non-GAAP financial measures and include or incorporate reconciliations to GAAP results.
NHC’s 8-K filings also describe corporate governance and executive changes, including the appointment of new directors, committee assignments, and planned retirements of senior officers, as well as role changes for executives. Additional 8-Ks address lease arrangements, such as disclosures about a master lease with National Health Investors, Inc., letters alleging non-monetary non-compliance, cure periods, renewal options, and the potential for a material adverse impact on NHC’s financial position and results of operations if certain lease rights were lost.
On this page, users can review NHC’s SEC reports as they are made available through EDGAR and use AI-powered summaries to understand the key points in lengthy filings. These tools can help clarify topics such as segment reporting for inpatient services and home care hospice services, dividend practices, lease terms and disputes, and board and executive leadership changes, without replacing the full text of the official documents.
NATIONAL HEALTHCARE CORP director William A. Adams filed an initial statement of beneficial ownership on Form 3. This filing identifies him as a director of the company and establishes his reporting status for future insider transactions, but does not itself report any share purchases or sales.
National HealthCare Corporation reported strong 2025 results, with net operating revenues and grant income of $1,517,781,000 versus $1,307,382,000 in 2024, a 16.1% increase driven by higher same‑facility revenue and the White Oak acquisition.
GAAP net income attributable to NHC rose to $120,015,000 from $101,927,000, while adjusted net income increased to $104,067,000 from $76,862,000, a 35.4% gain. GAAP diluted EPS were $7.67 versus $6.53, and adjusted diluted EPS were $6.65 versus $4.93.
In the fourth quarter, GAAP net income attributable to NHC was $24,849,000 versus $6,081,000 a year earlier, and adjusted net income was $28,774,000 versus $25,954,000, up 10.9%. NHC also reduced current and long‑term debt to $40,000,000 from $137,000,000 and increased stockholders’ equity to $1,068,772,000.
National HealthCare Corporation reports on its 2025 business, highlighting a broad post‑acute and senior care platform across 9 states, focused on skilled nursing, assisted living, independent living, homecare, hospice and behavioral health hospitals.
As of December 31, 2025, the company operated 80 skilled nursing facilities with 10,329 licensed beds, 26 assisted living facilities with 1,413 units, 9 independent living facilities with 777 retirement apartments, 3 behavioral health hospitals, plus 34 homecare and 33 hospice agencies. Owned and leased skilled nursing facilities posted an 89.7% overall census in 2025. About 96.8% of 2025 net operating revenues came from healthcare services, with payer mix of 31% Medicare, 30% Medicaid, 12% managed care and 27% private pay and other.
NHC emphasizes quality, with 62.5% of its 80 skilled nursing centers rated 4 or 5 stars by CMS and an average rating of 3.83 versus the industry’s 2.95. It expanded via the August 2024 acquisition of White Oak Management’s portfolio of 15 skilled nursing, 2 assisted living and 4 independent living facilities plus a pharmacy.
The company details exposure to reimbursement and regulatory shifts, including CMS payment updates across skilled nursing, home health and hospice, supplemental Medicaid payments, and a significant lease dispute with major landlord National Health Investors that could affect future occupancy costs and facility control. NHC also outlines labor shortages, potential staffing mandates, climate and disaster risks, extensive healthcare and privacy regulation, and rising public‑company compliance demands.
NATIONAL HEALTHCARE CORP reported that Senior VP & General Counsel Josh A. McCreary received a grant of stock options to purchase 14,000 shares of common stock on February 23, 2026, at an exercise price of $0.00 per share.
The options were granted under the 2020 Omnibus Equity Incentive Plan and will vest in three equal parts: one-third on February 23, 2027, one-third on February 23, 2028, and the final one-third on February 23, 2029. The grant is described as exempt from Section 16(b) under Rule 16b-3(d).
National Healthcare Corp senior executive receives stock option grant. Sr. VP Patient Services Vicki L. Dodson was granted options to purchase 14,000 shares of National Healthcare Corp common stock on February 23, 2026, at an exercise price of $0.00 per share under the 2020 Omnibus Equity Incentive Plan.
According to the grant’s terms, these stock options vest in three equal installments: one-third on February 23, 2027, one-third on February 23, 2028, and the final one-third on February 23, 2029. Following the grant, she directly holds multiple option positions and 10,289.5455 shares of common stock in her name.
National Healthcare Corp CEO and director Stephen Fowler Flatt received a grant of 20,000 options to purchase common stock on February 23, 2026 under the 2020 Omnibus Equity Incentive Plan. The options have a stated exercise price of $0.00 per share in the filing.
These stock options vest and become exercisable in three equal installments: one-third on February 23, 2027, one-third on February 23, 2028, and the final one-third on February 23, 2029. After this grant, Flatt directly holds 20,000 of these options, alongside separately reported existing option and common stock holdings.
National Healthcare Corp SVP and CFO Brian F. Kidd received a grant of 14,000 options to purchase common stock on February 23, 2026. The options were granted at an exercise price of $0.00 under the 2020 Omnibus Equity Incentive Plan and are exempt from Section 16(b) under Rule 16b-3(d).
The options vest ratably over three years, with one-third vesting on February 23, 2027, one-third on February 23, 2028, and the final one-third on February 23, 2029. As of this grant, Kidd also directly held other option positions and 23,717 shares of common stock.
FLATT BEN ANDERSON SR reported acquisition or exercise transactions in this Form 4 filing.
National Healthcare Corp senior vice president and CIO Ben Anderson Flatt Sr reported an equity award of stock options. On February 23, 2026, he received options to purchase 14,000 shares of common stock under the 2020 Omnibus Equity Incentive Plan.
These options vest in three equal installments: one‑third on February 23, 2027, one‑third on February 23, 2028, and the final one‑third on February 23, 2029. The award is structured as long‑term incentive compensation rather than an open‑market share purchase.
NATIONAL HEALTHCARE CORP reported that Sr. VP of Operations Timothy J. Shelly received a grant of stock options to purchase 14,000 shares of common stock on February 23, 2026. The options were granted at an exercise price reported as $0.0000 per share.
The options were issued under the company’s 2020 Omnibus Equity Incentive Plan and will vest ratably over three years. One-third will vest on February 23, 2027, another one-third on February 23, 2028, and the final one-third on February 23, 2029, after which they become exercisable.
National HealthCare Corporation expanded its Board of Directors from seven to nine members effective February 12, 2026, appointing Dr. David Gifford and Andrew Adams as independent directors. Gifford joins as a Class 2 Director, expected to stand for a three‑year term at the 2027 annual meeting. Adams joins as a Class 1 Director and will be nominated for a three‑year term at the 2026 annual meeting.
Dr. Gifford brings long experience in geriatrics, public health leadership and long‑term care policy, while Adams contributes prior NHC facility administration experience and current leadership of a multilocation financial services business. Gifford will serve on the Nominating and Corporate Governance Committee and Adams on the Compensation Committee, and both will receive NHC’s standard non‑employee director compensation and indemnification.