National Healthcare

National HealthCare Corporation
Public
Traded as NYSE MKT: NHC
Industry Healthcare
Founded 1971
Headquarters Murfreesboro, Tennessee, United States
Revenue $769.83 million (As of 2013)[1]
Website nhccare.com

National HealthCare Corporation is an American healthcare services provider. The company was founded in 1971 and is based in Murfreesboro, Tennessee.[2] The services of the company include long-term diverse nursing and rehabilitative care to healthcare centers, facilities and hospitals in 11 states primarily in the southeastern United States.[3][4] As of December, 2011, the number of the health care centers that are operated by the company reached 75 with a total of 9,456 licensed beds.[5] As of December 2013, the company owns and operates 69 nursing facilities, 15 assisted living centers, 5 living centers with 38 homecare programs.[2]

Background

The company offers its hospice services under the name of Solaris Hospice, which is the wholly owned subsidiary of the company. It also collaborated with Caris Health Care to develop hospice services and deliver its services to over 1,000 patients in 25 locations every day.[5] In 2013, the company completed the acquisition of six skilled health care centers from National Health Investors, Inc.[4] The company has a market capitalization (As of March 2014) of $724.4 million with an enterprise value of $718.24 million.[1]

Operations

In October 2013, the company renewed its one year $75 million line of credit with Bank of America, which is the sixth amendment to their credit agreement with Bank of America.[6]

References

  1. 1 2 "NHC Key Statistics | National Healthcare Corporation Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-03.
  2. 1 2 "NHC Profile | National HealthCare Corporation Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2014-03-03.
  3. ↑ "NHC Stock Quote - National Healthcare Corp. Stock Price Today". Marketwatch.com. Retrieved 2014-03-03.
  4. 1 2 "National HealthCare Corporation: NYSEMKT:NHC quotes & news". Google.com. Retrieved 2014-03-03.
  5. 1 2 "National Healthcare Corp (NHC.A) Quote Reuters.com". Reuters.com. Retrieved 2014-03-03.
  6. ↑ "NHC Announces Renewal of $75 Million Credit Line". Yahoo Finance. October 23, 2013. Retrieved 2014-03-04.
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