NHC acquires 35 senior-care facilities for $560M, converting leased assets to owned real estate

Filed July 1, 2026 · Period ending June 29, 2026 · ~1 min read

Key Changes

• high

  Acquired 32 skilled nursing and 3 independent living facilities from National Health Investors for $560 million, converting properties leased since 1991 to owned assets. Management expects the ownership structure to be accretive to earnings and cash flow.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
• high

  Transaction received unanimous approval from disinterested directors under Delaware Section 144, indicating related-party status. Purchase price determined through arm's-length negotiations between NHC and NHI management.

  Item 2.01 — Completion of Acquisition or Disposition of Assets verify on EDGAR →
• medium

  Terminated master lease covering acquired facilities except four Florida skilled nursing centers, which remain subleased to a third-party operator. NHC subsidiary assumed the master lease for these four locations.

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