NHC to acquire five nursing facilities from employee-owned affiliate for $50.5M

Filed May 15, 2026 · Period ending May 15, 2026 · ~1 min read

Key Changes

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  NHC subsidiary acquiring five skilled nursing facilities (four in Tennessee, one in South Carolina) for $50.5M from National Health Corporation, its administrative services affiliate that employs all NHC personnel and owns 6.6% of NHC stock.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  Seller is wholly owned by NHC's employee stock ownership plan, with cross-board relationships including an NHC executive on seller's board. A special subcommittee of non-interested directors reviewed and unanimously approved the transaction.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →
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  NHC has inspection period through June 16, 2026 to terminate for any reason with full refund of $750,000 deposit. After that, deposit becomes non-refundable except as specified in agreement.

  Item 1.01 — Entry into a Material Definitive Agreement verify on EDGAR →