Welcome to our dedicated page for National Healthcare news (Ticker: NHC), a resource for investors and traders seeking the latest updates and insights on National Healthcare stock.
National Healthcare Corporation (NHC) has been a cornerstone in providing exceptional senior care for nearly 50 years. At NHC, we prioritize respect for the individual, promoting recovery, well-being, and independence. Our mission is to celebrate life every day across our numerous centers.
Operating an extensive network, NHC currently manages 75 skilled nursing centers, 25 assisted living communities, a behavioral health hospital, five retirement communities, and 35 homecare agencies. Our comprehensive services also include memory care, senior care pharmacies, hospital and rehabilitation services, along with management and accounting services to third parties.
Recognized nationwide as an innovator in delivering quality long-term care, NHC's goal is to offer a full range of extended care services, designed to maximize the well-being and independence of patients of all ages. We adopt an interdisciplinary approach, blending compassionate care with cost-effective healthcare services.
National Healthcare Corp's primary business activities encompass the provision of long-term care facilities, skilled nursing care, assisted living, independent living, and home care programs. Specifically, our offerings include sub-acute and post-acute skilled nursing care, intermediate nursing care, rehabilitative care, memory and Alzheimer's care, senior living services, and home health care services. Additionally, we provide management, accounting, and financial services, alongside insurance services to third-party healthcare facility operators.
Our operations are divided into two main reportable segments: Inpatient Services and Home Care Hospice Services, with the majority of our revenue generated from inpatient services. NHC remains committed to delivering high-quality care, ensuring a better quality of life for our patients and their families.
National HealthCare (NYSE American: NHC) reported strong financial results for Q3 2024. Net operating revenues and grant income reached $340.2 million, up 17.9% from $288.5 million in Q3 2023. The growth was primarily driven by the August 1, 2024 acquisition of White Oak Manor, which added 21 healthcare facilities. GAAP net income increased to $42.8 million ($2.73 per diluted share) from $10.4 million ($0.68 per share) year-over-year. Adjusted net income rose 50.3% to $19.9 million ($1.27 per diluted share) compared to $13.3 million ($0.86 per share) in Q3 2023.
National HealthCare (NYSE American: NHC) has declared a quarterly dividend of 61 cents per common share. The dividend will be paid on January 31, 2025, to shareholders of record as of December 30, 2024. NHC, which holds the distinction of being the nation's oldest publicly traded long-term health care company, maintains its commitment to shareholder returns through this regular dividend payment.
National HealthCare (NYSE American: NHC) reported strong financial results for Q2 2024. Net operating revenues and grant income increased by 6.4% to $300,658,000 compared to Q2 2023. Excluding governmental stimulus income, supplemental Medicaid payments, and three exited Missouri facilities, same-facility net operating revenues grew by 8.0%. GAAP net income attributable to NHC rose significantly to $26,844,000, up from $16,281,000 in Q2 2023. Adjusted net income also improved to $15,612,000 from $13,658,000 year-over-year. GAAP diluted EPS increased to $1.73 from $1.06, while adjusted diluted EPS rose to $1.00 from $0.89 in the same period last year.
National HealthCare (NYSE American: NHC), the oldest publicly traded long-term health care company in the U.S., has announced a quarterly dividend of 61 cents per common share. This dividend will be paid to shareholders of record on September 30, 2024, with the payment date set for November 1, 2024.
As a long-standing player in the healthcare sector, NHC's consistent dividend payments demonstrate its commitment to providing value to shareholders. This announcement reflects the company's financial stability and confidence in its ongoing operations within the long-term health care industry.
National Healthcare (NYSE American: NHC) has completed the acquisition of the White Oak Senior Living portfolio, expanding its operations in North and South Carolina. The acquisition includes 15 skilled nursing facilities, with three continuing care retirement centers in North Carolina and one facility in South Carolina that includes assisted and independent living units. This strategic move adds 1,928 skilled nursing beds, 48 assisted living units, and 302 independent living units to NHC's operations.
The acquisition marks NHC's entry into North Carolina and strengthens its presence in South Carolina, where it already operates 13 skilled nursing facilities and 5 assisted living communities. NHC CEO Steve Flatt expects the acquisition to be accretive to earnings and create long-term operational efficiencies and synergies within NHC's networks.
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.
FAQ
What is the current stock price of National Healthcare (NHC)?
What is the market cap of National Healthcare (NHC)?
What types of care does National Healthcare Corp provide?
How long has NHC been in operation?
What distinguishes NHC in the healthcare industry?
How many facilities does NHC operate?
What is NHC's approach to patient care?
What are the main segments of NHC's operations?
What additional services does NHC provide?
How does NHC support patient independence?
Where can I find the latest news about NHC?
What is the primary source of revenue for NHC?
