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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) announced a quarterly dividend of 55 cents per common share, reflecting a 5.8% increase from the previous quarter. The dividends will be payable on February 1, 2022, to shareholders of record on December 31, 2021. As the oldest publicly traded long-term health care company in the U.S., NHC operates numerous skilled nursing facilities and other health-related services. This dividend increase underscores the company's commitment to delivering value to its shareholders.
National HealthCare Corporation (NHC) reported net operating revenues of $263.16 million for Q2 2021, slightly up from $261.64 million in Q2 2020. The company experienced a 4% increase in skilled nursing facility census from April to June 2021 and a 7.5% rise from January to June 2021. GAAP net income surged to $104.88 million compared to $28.32 million in the same quarter last year, driven largely by the acquisition of Caris HealthCare. GAAP diluted EPS for the quarter was $6.80, an increase from $1.84 in Q2 2020.
National HealthCare Corporation (NHC) has announced a quarterly dividend of 52 cents per common share, with a record date of September 30, 2021, payable on November 1, 2021. This decision highlights NHC's ongoing commitment to returning value to shareholders. The company operates 75 skilled nursing facilities and a variety of healthcare services, positioning itself as a leader in the sector. Investors should note that forward-looking statements reveal risks related to economic conditions, regulations, and patient care liabilities that may impact future performance.
On June 11, 2021, National HealthCare Corporation (NHC) completed the acquisition of the remaining interest in Caris Healthcare, L.P. from Norman C. McRae and McRae Investment Company, LLC. NHC previously held a majority stake in Caris, which serves over 1,200 patients daily across 28 locations in five states. This acquisition allows Caris to operate as a wholly owned subsidiary of NHC, enhancing NHC’s continuum of care for seniors.
National HealthCare Corporation (NHC) reported net operating revenues of $250.97 million for Q1 2021, a 2% decline from Q1 2020. The company received CARES Act funding to mitigate COVID-19 impacts. Skilled nursing facility census rose by 3.5% in Q1 2021. GAAP net income was $21.27 million, a recovery from a loss of $26.85 million in Q1 2020. GAAP diluted EPS reached $1.38, up from a loss of $1.76 per share the previous year. Adjusted EPS decreased slightly to $1.08 compared to $1.11 in 2020.
National HealthCare Corporation (NHC) has declared a quarterly dividend of 52 cents per common share, set for shareholders of record on June 30, 2021, and payable on August 2, 2021. NHC, the oldest publicly traded long-term healthcare provider in the U.S., operates 75 skilled nursing facilities with 9,463 beds, along with 24 assisted living and various other health services. Forward-looking statements in this release highlight risks, including economic conditions, healthcare regulations, and litigation liabilities.
National HealthCare Corporation (NHC) has commenced construction on the Maryland Heights Center for Cognitive Disorders, a 16-bed facility aimed at providing psychiatric care for geriatric patients. Located adjacent to NHC HealthCare Maryland Heights, the 12,804-square-foot center is expected to open in Q2 2022 and will create 31 jobs in St. Louis County. This center aims to enhance the continuum of care for seniors experiencing cognitive illnesses, addressing a critical need in the community.
National HealthCare Corporation (NHC) reported a 3.2% increase in net operating revenues for 2020 totaling $1,028,217,000, compared to $996,383,000 in 2019. However, excluding CARES Act funding, revenues would have declined by 4.2%. The GAAP net income was $41,871,000, down from $68,211,000 in 2019, leading to diluted EPS of $2.72. For Q4 2020, revenues increased by 2.3% to $259,825,000, but excluding CARES Act funds, a decrease of 8.1% would have been recorded. Q4 2020 reported GAAP net income rose to $27,550,000 from $13,770,000 in Q4 2019.
National HealthCare Corporation (NHC) announced a quarterly dividend of 52 cents per common share, payable on May 3, 2021, to shareholders of record as of March 31, 2021. As the oldest publicly traded long-term healthcare company in the U.S., NHC operates 76 skilled nursing centers with 9,463 beds, along with various other healthcare facilities and services. The company cautioned investors about forward-looking statements, highlighting potential risks including regulatory changes, economic conditions, and patient care liabilities.
The Tennessee Health Service and Development Agency has approved a Certificate of Need for a 16-bed geriatric psychiatric hospital, Natchez Center for Behavioral Medicine, LLC, in Dickson. This facility is a collaboration between National HealthCare Corporation (NHC) and Reliant Healthcare Corporation. The $5.7 million project will begin construction in 2022, creating over 25 jobs in the area. The hospital will complement a senior care complex, adding critical multidisciplinary services for seniors in Dickson and surrounding counties.
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