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.
Overview of National Health
National Health is a renowned provider of comprehensive long-term care solutions with nearly 50 years of industry expertise. The company excels in delivering high-quality senior care and skilled nursing services, with a strong focus on combining compassionate care with cost-effective health solutions. Its multidisciplinary services are designed to enhance recovery, promote wellbeing, and maintain independence among patients of all ages.
Comprehensive Care Services
National Health operates a vast network of long-term care facilities that span multiple care segments. The company provides an array of services including:
- Skilled Nursing Facilities: Focused on sub-acute and post-acute care, these centers offer intensive nursing support, rehabilitation, and personalized treatment plans.
- Assisted Living Communities: Designed to provide a nurturing environment while supporting residents to lead an independent lifestyle.
- Independent Living and Retirement Communities: Tailored services that encourage social engagement and everyday vitality.
- Home Care Programs: A range of home health care services enabling patients to receive professional care within the comfort of their homes.
- Specialized Memory and Alzheimer’s Care: Dedicated units providing care tuned to the specific needs of patients with cognitive impairments.
In addition to these core areas, National Health extends its service offerings to include behavioral health support, rehabilitation services, and ancillary management functions such as accounting and financial services tailored to third-party health facility operators.
Interdisciplinary and Patient-Centric Approach
The company stands out for its interdisciplinary methodology, which integrates a spectrum of health care professionals to ensure a holistic approach to patient care. By leveraging the combined expertise of medical practitioners, nursing staff, and specialized therapists, National Health devises individualized care plans that address a diverse range of health challenges. This approach not only maximizes patient wellbeing but also reinforces the importance of maintaining patient dignity and independence throughout their treatment journey.
Market Position and Industry Significance
Recognized nationwide as an innovator in the delivery of quality long-term care, National Health has established a robust presence within the competitive healthcare sector. The company’s comprehensive model of extended care services enables it to serve a wide demographic, from those requiring intensive inpatient care to individuals benefiting from community-based home care. This diversified care model serves as both a significant revenue driver and a key differentiator, allowing National Health to navigate the complexities of an evolving healthcare landscape with resilience and expertise.
Operational Excellence and Service Innovation
National Health continuously enhances its service delivery through operational excellence and a commitment to innovation. The organization's management practices, underscored by rigorous training and quality assurance standards, ensure that every operational unit meets high-quality benchmarks. Furthermore, its integration of advanced care protocols and comprehensive management services has set a benchmark in the long-term care market, providing strategic support to both its own facilities and third-party operators.
Commitment to Quality and Patient Wellbeing
At the heart of National Health’s operations is a steadfast commitment to patient wellbeing. Every aspect of the company, from site-specific operational protocols to comprehensive patient services, is meticulously designed to foster an environment that respects individual needs and promotes holistic healing. This dedication is evident in the company’s sustained focus on enhancing care facilities and innovating service delivery methods, which ultimately form the cornerstone of its reputation in the health care community.
By consistently delivering on its core promise of quality long-term care, National Health has not only built lasting relationships with its patients and their families but has also set high standards across the senior care industry. Its unwavering focus on comprehensive, patient-centered care continues to cement its standing as a key player in the development of extended care solutions nationwide.
National HealthCare (NYSE American: NHC) reported strong financial results for 2024, with net operating revenues and grant income reaching $1.31 billion, a 14.5% increase from 2023's $1.14 billion. The growth was driven by a 9.4% increase in same-facility revenues and the strategic acquisition of White Oak Manor on August 1, 2024, which added 22 healthcare operations to NHC's portfolio.
The company's GAAP net income for 2024 rose to $101.9 million ($6.53 per diluted share), up from $66.8 million ($4.34 per diluted share) in 2023. Adjusted net income, excluding unrealized gains in marketable equity securities, increased 39.9% to $76.9 million ($4.93 per diluted share) from $54.9 million ($3.55 per diluted share) in 2023.
National HealthCare (NYSE American: NHC), the nation's oldest publicly traded long-term health care company, has declared a quarterly dividend of 61 cents per common share. The dividend will be paid on April 25, 2025, to shareholders of record as of March 28, 2025.
The company included standard forward-looking statements cautioning investors about various risks, including potential liabilities, claims, litigation, economic conditions, regulatory changes, Medicare and Medicaid payment adjustments, and other factors that could affect future performance.
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 Health (NHC)?
What is the market cap of National Health (NHC)?
What core services does National Health provide?
How does National Health ensure high-quality patient care?
What are the main care segments offered by National Health?
How does National Health support patient independence?
In what ways does National Health differentiate itself from competitors?
What role do management and support services play in National Health's operations?
How does National Health address the diverse needs of its patients?
What is the significance of National Health's interdisciplinary approach?
