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 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.
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?
